Tarrant County Hospital District Bond Proposition
|Ballot Proposition||The issuance of $800,000,000 by Tarrant County on behalf of the Tarrant County Hospital District for the purpose of acquiring, constructing, improving, equipping or enlarging facilities of the hospital system, including, but not limited to, a new mental health and behavioral health hospital, a new main hospital tower for general and specialized patient care-physician nurse training- and Level One Trauma Care, a new cancer center, four new regional health centers, and a new ambulatory surgical center.
|Proposición||La emisión de $800,000,000 por el Condado de Tarrant en nombre del Distrito Hospitalario del Condado de Tarrant con el fin de adquirir, construir, mejorar, equipar o ampliar las instalaciones del sistema hospitalario, incluido, entre otros, un nuevo hospital de salud mental y psiquiátrico, una nueva torre principal de hospital para la atención general y especializada de pacientes (entrenamiento de enfermeras médicas) y Level One Trauma Care, un nuevo centro oncológico, cuatro nuevos centros de salud regionales y un nuevo centro de cirugía ambulatoria.
|If I vote FOR||The city can issue up to $800 million in bonds to expand facilities of the Tarrant County Hospital District, operating as the John Peter Smith (JPS) Health Network.|
|If I vote AGAINST||The city cannot issue up to $800 million in bonds for the JPS Health Network.
|Tax Consequences||The bonds will have no impact on tax rates.
|What is a Bond?||A bond is essentially an IOU. Instead of going to a bank to get a loan, like an individual might do, governments can issue bonds to raise money for specific projects. An investor buys a bond on the understanding that they will be paid back, in full and with interest, on a set date (limited by law to 40 years). In most cases, governments must seek voter approval to issue a bond.
|What is a Hospital District?||Hospital and health service districts are units of local government created to generate tax revenue to provide health care services to residents who cannot afford to pay. Hospital districts may issue bonds and can also, with voter approval, levy taxes. The Tarrant County Hospital District is governed by a Board of Managers, who are selected by the four elected county commissioners and the county judge.|
|Proposed Improvements||New mental health and behavioral health hospital
New main hospital tower
New cancer center
Four new regional health centers
New ambulatory surgical center
|Resources||Tarrant County, Tarrant County Hospital District Bond Election. Includes links to FAQs and other educational materials about the bond proposal.
Tarrant County, Health Care Planning for Tarrant County and the Role of JPS Health Network: Report of the Citizens Blue Ribbon Committee (Feb 27, 2018)
|Recent News Articles||“‘Have you seen the 10th floor?’ Why our public hospital needs money, and now,” (op-ed) Fort Worth Star-Telegram (Oct 17, 2018)
“County OKs $800 million bond proposal…,” Fort Worth Star-Telegram (Aug 14, 2018)
“Tarrant County Mental Health…”, Fort Worth Star-Telegram (Feb 27, 2018)