Lubbock hospital district proposes no-new-revenue rate - FOX34 Lubbock

Lubbock hospital district proposes no-new-revenue rate

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UMC proposes not raising the average Lubbock County resident's property taxes next year. In its presentation to county commissioners Monday, the hospital district suggested adopting the "no-new-revenue" rate.

This means tax revenue will stay the same as last year for existing properties.

Property taxes account for less than four percent of UMC's overall budget. 

CEO Mark Funderburk told commissioners UMC has lost about $14 million throughout the pandemic. This includes about $5 million on PPE orders alone. Commissioners praised UMC for how it handled the pandemic and its finances. 

"We've got people losing their homes, we've got people losing their businesses, people are worried about where their next paycheck's coming from," Commissioner Chad Seay said. "I appreciate you doing everything you can to make sure y'all's taxes stays with the effective rate."

"I have always said it and I'll repeat myself: this is the best investment the citizens of Lubbock County have ever made," Commissioner Gilbert Flores said.

Funderburk said the hospital district is planning on expanding over the next five years, including growing its residency programs. Two main goals will be expanding outpatient services and raising revenue.


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