Broward Health Decreases Millage Rate for Third Year in a Row
Fort Lauderdale, Florida – After a successful year in which Broward Health served almost 1.3 million patients, the North Broward Hospital District Board of Commissioners tonight unanimously voted to cut taxes. The millage rate reduction from 1.3261 to 1.2391 mills will result in $17 million less in tax revenues for Broward Health and is greater than the county proposed rollback rate.
“We are proud that Broward Health has seen continued growth, increasing our patient volumes and revenues, thus affording us this opportunity to reduce taxpayer support,” said Paul Tanner, chair of the North Broward Hospital District Board of Commissioners.
This is the third year in a row the Board has reduced the millage rate.
“Since 2023, the Board has saved the taxpayers of Broward County almost $50 million, not including the $17 million from this year’s reduced millage rate,” said Shane Strum, President & CEO of Broward Health. “The ability to decrease the millage rate is a reflection of Broward Health’s strong financial performance, also recognized the last several years by S&P, Fitch and Moody’s. We are committed to building upon that momentum in the coming year and beyond.”
About Broward Health
Broward Health, founded in 1938 and headquartered in Fort Lauderdale, Florida, ranks among the 10 largest public healthcare systems in the United States. Nationally recognized for its focus on high-quality care for the residents of Broward County and beyond, Broward Health boasts five hospitals, two trauma centers, a dynamic academic partnership with Florida Atlantic University, was the county’s first statutory teaching hospital and has an ever-growing graduate medical education program. It includes more than 50 health centers and physician practices covering virtually every healthcare specialty.
Broward Health never stops working toward its mission of Exceptional Care, Extraordinary Compassion and Everyday Excellence. Driven by more than 11,000 talented employees and physicians who deliver care to all patients, regardless of their ability to pay, Broward Health is one of the largest employers in Broward County with an operating budget of $1.8 billion, and annually provides almost $500 million of charity and uncompensated care. For more information about Broward Health, visit BrowardHealth.org.
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