GRMC adopts tax rate, budget for fiscal year 2020
The Graham Hospital District adopted the effective tax rate and a fiscal year 2020 budget in their Tuesday board meeting.
GRMC CEO Shane Kernell said the total tax base is set to rise from $824,747,159 last year to $851,949,768 with about $25 million of the increase being new property added. The increase allowed for the effective rate, the rate needed to raise similar tax dollars as the year before, to decrease to $0.395206 per $100 valuation from this year’s rate of $0.399567.