FFH property tax is up for renewal
A special election will be called on May 4 to give voters a chance to renew Franklin Foundation Hospital’s 3.47-mill property tax.
The tax, which would generate an estimated $590,000 a year, is dedicated to improvements, operation and maintenance of the hospital.
The hospital district currently opts to levy only 3.28 mills of the allowable millage, hospital Chief Administrative Officer Parker Templeton told Hospital Service District 1 commissioners Thursday during their monthly meeting.
If renewed, residents with homes valued at $100,000 would pay $8.20 a year at the current rate or $8.68 a year at the full rate under the homestead exemption, Templeton said.
A newly formed committee, the Friends of Franklin Foundation Hospital headed up by Commissioner Didi Battle will take on the task of campaigning for the millage renewal, he said.
In other business the board:
—Heard from Chief Financial Officer Ron Bailey who noted that the hospital realized a $19,369 profit in February, the fifth month of the hospital’s fiscal year, bringing the year-to-date surplus to $1.68 million.
—Heard from Templeton that the closing date on the sale of the old hospital has been pushed back from March 29 to May 15. The purchase agreement is with a New Orleans group that plans to renovate the building for use as an assisted living facility after buying it for $100,000.
—Heard from Templeton that Zero/Six Consulting is overseeing construction of the 14,000-square foot medical office building now being built adjacent to the hospital on Northwest Boulevard.