Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Supervisors advance $181,467 in property taxes to Palo Verde Healthcare District to ease cash flow
Summary
The Board of Supervisors approved a one‑time property tax revenue advance for Palo Verde Healthcare District to provide temporary operating cash while the district pursues longer‑term funding and bankruptcy reorganization. The board noted the county has used similar advances for other special districts.
The Riverside County Board of Supervisors approved a property tax revenue advance of $181,467 to the Palo Verde Healthcare District, voting 5‑0 on item 3.7.
The request was presented by Michael Rose, interim chief financial officer of the Palo Verde Healthcare District in Blythe, who said the hospital declared a fiscal emergency after a May early set‑off of a $3 million line of credit and a series of operational setbacks. "As of yesterday, the district had 7.4 days of available cash reserves, which is approximately…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
