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Health and Hospital Corporation board adopts 2026 budget ordinance after reducing general fund ask by $8 million
Summary
The Health and Hospital Corporation board approved Ordinance No. 3-2025-A, the 2026 budget, after interim CFO James Simpson reported a $8 million reduction in the general fund expenditure request and updated assessed values from the Marion County assessor. The ordinance passed on a 6-0-1 roll call vote.
The Health and Hospital Corporation Board of Trustees on Tuesday adopted Ordinance No. 3-2025-A, the corporation's 2026 budget, after an update from interim CFO and assistant treasurer James Simpson showing changes driven by higher Marion County assessed values and an $8 million reduction in the general fund expenditure request.
Simpson, who presented the revised ordinance, said the Marion County assessor published certified net assessed values after the board's budget hearing, which increased assessed values and allowed the corporation to lower its tax rates while keeping levies the same. "So it's an $8,000,000 decrease in expenditures," Simpson said, referring to a…
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