The 2014 financial statements are out for our county hospital.
The hospital’s revenues are about $299 million each year, $82 million of which comes from property taxes.
The results show the hospital losing $72 million last year. They would almost have to double our property taxes to break even.
Of the $72 million loss $60 million was due to recognizing the inability of the children’s hospital to pay what the county hospital says they owe.
That still leaves a $12 million dollar loss from normal operations.
The problem with the children’s hospital is one of the county hospital’s own making and we are going to have to pay for it. Even if someone finds a way to turn that situation around we are still faced with a county hospital that is running at a significant loss.
We deserve better