Hospital board approves $62 million budget

The Board of Trustees of Winneshiek Medical Center on Wednesday approved a budget calling for $62 million in revenues in fiscal year 2012.  The budget predicts the hospital will continue to operate in the black.

Just $429,000 of the hospital's revenues next year will come from local property taxes.  Winneshiek County residents will be charged 46 cents per $1,000 of assessed valuation to support the hospital.  That's actually a decrease of two cents per thousand from this year's tax rate--because Winneshiek county's overall property valuation has gone up.