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Board approves new five‑year ‘meds and eds’ assessment agreements totaling about $48 million; some officials cite process concerns
Summary
The city law department presented 14 assessment agreements with nonprofit hospitals and colleges that will raise assessment payments from roughly $6 million in FY27 to $12 million by FY30 and total about $48 million over five years; the Board of Estimates approved the agreements amid comments about process and community input.
The Board of Estimates on Oct. 15 approved a package of assessment agreements negotiated between the city and a group of nonprofit hospitals and colleges commonly described as the "meds and eds." The law department said the agreements require the institutions to begin annual special assessments in fiscal 2027 and that total payments over five years will be approximately $48 million.
Matthew Bradford, chief of staff in the City's Law Department, told the board the item seeks approval for 14 assessment agreements. "These agreements will require the institutions to pay annual special assessments starting in FY '27," Bradford said, describing a negotiated set of factors that led to the new payment amounts: prior…
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