A Historic 15-Year Streak: Memorial Reduces Tax Rate Again While Expanding Care

In a continued demonstration of strong fiscal responsibility and commitment to the community, the South Broward Hospital District Board of Commissioners has unanimously approved a new millage rate of 0.0805, the lowest in the district's recorded history. This marks the 15^th consecutive year the rate has been reduced.

"Reducing the millage rate reflects our commitment to the community," said Elizabeth Justen, chair of the South Broward Hospital District Board of Commissioners. "Thanks to Memorial's strong financial position, we are able to ease the burden on taxpayers while continuing to deliver the exceptional care Memorial is known for."

Despite ongoing challenges across the healthcare industry and rising operational costs, Memorial Healthcare System's exceptional financial management has made this historic reduction possible. The newly approved rate represents nearly a 7.4% decrease from last year's rate of 0.0869.

"This milestone is a testament to our Board, disciplined management and the dedication of our entire Memorial team," said Shane Strum, Interim CEO of Memorial Healthcare System. "We're delivering world-class care, expanding access, all while continuing to focus on innovation, efficiency and putting patients first."

What Does the New Millage Rate Mean?

The approved 0.0805 millage rate is projected to generate approximately $7.9 million in gross tax revenues. After accounting for early payment discounts and estimated uncollectible taxes, the net revenue will be directed exclusively toward statutory governmental obligations, including:

• Broward County's Medicaid Match Program
• Contributions to community redevelopment agencies (CRAs)
• Property appraiser fees

As in previous years, this results in a net expense for the district. No tax dollars will be used to fund uncompensated care throughout Memorial's health system. Instead, these critical services will be fully supported through operating income.

This 15-year streak of tax reductions underscores Memorial's enduring promise: putting community first while delivering exceptional care.