Winneshiek Medical Center budget for 2013-2014 calls for $51 million in spending & receipts

Winneshiek County taxpayers are being asked for a slightly larger property tax subsidy of Winneshiek Medical Center in 2013-2014, but the increase comes because of higher property valuations in the county, not because of an increase in the property tax rate.

A hearing on the hospital's FY '14 budget has been scheduled for 4:30 p.m. Wednesday, March 13th, in Conference Room B-3 on the lower level of the hospital.  At that time the hospital board will get public input on the proposed budget, which calls for $51,414, 466 in receipts and $51,055,109 in spending.  By contrast, the hospital spent $46,179,983 during 2012-2013.

The 2013-2014 budget calls for raising $448,307 in property taxes.  This year's budget had $429,716 in property tax receipts, meaning the revenue will go up by $18,591, or 4.3 percent.  But the increase does NOT reflect a mill rate increase.