Tarrant County Voters Approve $800 Million Hospital District Bond
No tax rate increase impact on Tarrant County or the Hospital District
November 6, 2018 (Tarrant County, TX) –Tarrant County voters today approved Proposition A, authorizing the issuance of $800 million in bonds to acquire, construct, improve, equip or enlarge facilities of the Tarrant County Hospital District, operating as the JPS Health Network.
The no tax rate increase bond includes a new mental and behavioral health hospital, a new main hospital tower, a new cancer center, four new regional health centers, and a new ambulatory surgical center.
“We continue to build our health infrastructure in an efficient and conservative manner. Our pledge to the voters is that we will do this with no tax rate increase,” said Tarrant County Judge Glen Whitley. “We thank the voters for their confidence in Proposition A and the future of healthcare in our great county.”
It is currently anticipated that the bonds approved by the voters will be issued in multiple series over the next several years. The prices, rates, and maturities of each issuance will remain subject to the approval of the Tarrant County Commissioners Court. The Court also emphasizes its intent to be fiscally responsible in the issuance of bonds and is committed to only issue bonds if the Hospital District has the capacity to repay the bonds without a tax rate increase.
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