The UMC Board of Managers on Tuesday adopted its 2015 budget of
The board also adopted the effective tax rate of
Commissioners said they were happy with the hospital's budget and were glad to see that taxes will not be increased.
UMC had initially proposed a 7.9 percent tax rate increase to generate about
"I think they have done a good job in making adjustments to avoid the tax increase. I think that they are going to work very hard to keep up their service levels. I think the performance of UMC over the last decade has been exceptional.
"My concern is I want them to continue growing and continue that pattern of excellence and they convinced me today that they are going to do their very best to achieve those goals, but we are at a rough spot, there is no question," Abeln said.
He said when the construction of
"This budget honors that promise so far," Perez said.
UMC's budget was presented by CEO
NuÑez said that the most significant budget reductions are those related with administrative staff. He mentioned the 56 workers that were laid off about three weeks ago and the elimination of 39 unfilled positions. He said the reduction in force would save UMC about
Budget reductions also include five furlough days for all UMC employees that would lead to a
In addition, UMC workers will not see a merit increase this upcoming year and will have to pickup part of the cost for their healthcare insurance program, NuÑez said. These two would represent
Other savings would come from reduction of travel expenses and tuition reimbursements, NuÑez said.
During Wednesday's meeting, UMC officials also highlighted the growth in patient volumes at the hospital and the primary clinics, as well as high patient satisfaction scores.
UMC is delaying the construction of three primary-care clinics in East, West and
UMC officials contribute their recent financial struggles to
UMC and children's hospital officials are currently in legal negotiations to solve the multimillion dollar dispute. UMC claims the children's owes UMC more than
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