Fort Lauderdale, Florida -- The North Broward Hospital District Board of Commissioners cut taxes by reducing the millage rate, setting a new rate of 1.0324, which was also the proposed rollback rate. Last year’s millage rate was 1.0855. This rate reduction, compared to last year’s set millage rate, results in tax savings of almost $7 million for county taxpayers.
It is the eighth consecutive year that the North Broward Hospital District, d/b/a Broward Health, has reduced the millage rate, including a sustained $20 million reduction last year from the prior millage rate. The tax cut was achieved through Broward Health’s continued focus on operational improvements and reduction of expenses, as well as increasing revenues.
“This has been an incredible year for Broward Health,” said Gino Santorio, President/CEO. “We exceeded aggressive budgetary goals, which enabled us to roll back the millage rate and save taxpayers. This reduction was possible even as we made significant investments in robotics, technology and capital improvement projects.”
“I’m exceptionally proud of Broward Health’s commitment to fiscal responsibility,” said Ray Berry, Chairman of the Board of the North Broward Hospital District. “These ongoing reductions of tax assistance illustrate the efforts made across Broward Health to provide the highest quality care at the lowest cost. This would not have been possible without the tremendous support of leadership, physicians and our passionate caregivers.”
The millage rate is a set percentage of property values used to generate tax funds to cover all uncompensated care costs for Broward Health, which includes four hospitals and Broward Health Community Health Services. Broward Health is the primary care provider for the indigent, uninsured and underinsured living in the northern two-thirds of Broward County.