Property owners in Fort Lauderdale and other cities in North Broward will pay a lower tax rate in 2016 than they did this year to support their public hospital system, Broward Health, whose board of commissioners adopted a $1.18 billion spending plan this month.
The seven-member North Broward Hospital District that governs Broward Health approved a millage rate of $14.42 per $10,000 of taxable property value, a reduction from the 2015 rate of $14.49 per $10,000.
Broward Health administrators project to raise about $149 million in property taxes next year, which will be used primarily to deliver care for the uninsured but also for North Broward’s share of Medicaid matching funds, and fees for community redevelopment agencies and other operating expenses.
The taxpayer-supported hospital system, which includes four hospitals and numerous primary care clinics, forecasts spending about $160 million in charity care in 2016, or roughly 13 percent of its total operating expenses, according to budget documents.
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Free or reduced-cost care for indigent residents of North Broward is funded with about $135 million in property taxes, and the remaining $25 million comes from the hospital system’s general funds. Broward Health administrators project the system will turn a modest profit in 2016 of $1.2 million — a decrease from 2015’s unaudited surplus of nearly $80 million.