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Nueces County hospital district proposes FY2016 budget; cites IGT timing and debt-free status
Summary
The Nueces County Hospital District presented a proposed FY2016 budget that relies on non-tax revenues and intergovernmental transfers (IGTs), records a planned deficit tied to the timing of state IGT requests, and notes the district retired its last long-term debt in July.
NUECES COUNTY — The Nueces County Hospital District on Sept. 1 presented a proposed fiscal year 2016 budget that relies heavily on non‑tax revenue and intergovernmental transfers while showing a planned deficit driven by the timing of state requests for IGT payments.
In a presentation to the Nueces County Commissioners Court, the district’s presenter, Dr. Hipp, said "73% of the hospital district's income is gonna come from sources other than taxes." He told commissioners that about 95% of the district's…
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