Medical center gets $13 million from property tax
Posted at: 09/24/2012 2:36 PM
By: Associated Press
Courtesy: The Albuquerque Journal
ALBUQUERQUE, N.M. (AP) - Sandoval County officials presented the recently opened UNM Sandoval Regional Medical Center in Rio Rancho with a $13.7 million check that marks the hospital's first installment of property tax money from the county.
The Albuquerque Journal reports County Commission Chairman Darryl Madalena presented hospital officials with the check at a meeting the first week of this month.
Administrators of Presbyterian's Rust Medical Center at Unser and Black Arroyo received a check for the same amount last November.
Sandoval County voters approved the property tax levy of $4.25 per $1,000 of taxable value in November 2008 to provide revenue for health services contracts with UNM SRMC and Rust Medical Center.
Both hospitals had to be open and seeing patients before they could receive any property tax funds.
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