No tax rate increase impact on Tarrant County or the Hospital District
The Tarrant County Commissioners Court voted unanimously on August 18, 2018, to approve an Order to call a bond election to authorize 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 will appear on the November 6th ballot.
The Commissioners Court is required by law to seek voter approval for authorizing the issuance of tax-supported bonds by the Hospital District.
It is currently anticipated that the bonds, if authorized by the election, will be issued in several series over the next several years. The prices, rates, and maturities of each issuance will remain subject to the approval of the Commissioners Court. The Court also emphasized its intent to only issue bonds if the County has the capacity to repay the bonds without a tax-rate increase.
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