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it. We need some relief, not more headaches. Please don't impose
a $60 million burden on us andour children and our grandchildren,
Don't put the bond on the ballot.
Iredell Memorial officers will tell you that they can and
will pay back $2 million each year. But who will pay Lowrance
Hospital's share of the $1 million? Lowrance Hospital has never
made that kind of money. We don't feel that the county hospitals
should be making millions of dollars off of. us anyway. Remember
if either hospital cannot come up with their share, then you and
I are generally obligated to pay it.
!That would $3 million a year do to our 55 -cent tax rate?
Think about it. What would it do? Please don't put the bond on the
ballot. The hospitals cannot justify spending 22 3/4 million plus
six million they have in reserve plus 2 million profit this year,
a total of $30 million plus, and not add one single bed.
Some of our doctors feel very strongly about the bond. So
why not ask them to endorse personally the bond and see if they
would come up with that. But isn't that what they are asking we
taxpayers to do? Leave the bond off the ballot.
Our second concern is the nearly $2 million that all of us
still owe on the last hospital bonds. What right has a county
agency such as Iredell Memorial Hospital have to hoard nearly
$6 million and leave us owing $2 million? That's right. They
claim to have millions in reserve. If they are so all -fired hot to
pay bonds back out of profits, arrange for them to pay off the $2
million we owe on the old bonds. If the hospital authorities
say it can't be done, then ask them how they expect to pay off the
$60 million of the new bonds. Don't add a new debt to our old