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BOOK 26 PACE 12
rise about 13% per year, of which only 2.3% is rh_ result
of the expansion program. This increase is in line with
past experience and rates at the two county -owned hospitals,
which have been among the lowest in the country and are
projected to be quite reasonable in comparison with other
hospitals nationwide. And we would like to emphasize there
should not be any tax increase in the future related to
this bond issue.
Taxes would be increased only if the hospitals were
not able to pay the debt due to some unforeseen economic
difficulty.
Thank you.
ALLEN KNOX, CHAIRMAN, IREDELL MEMORIAL
Thank you.
We have faith in the people of Iredell County. We
have faith they can understand our needs and they can
understand that we can and will pay back the debt from
hospital revenues, not from taxes. We have two months
ahead of us to have a full public discussion of the
issues and we look forward to that. Tonight we ask that
you give us the opportunity to tell the people about the
needs by putting the issue on the November 2nd ballot,
which could be held at no additional cost to the taxpayers.
We understand an additional special election would
cost around $8,000, We know there has been a considerable
amount of vocal opposition to the project that both