Munroe Medical Center Bond Measure (November 2012)

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A Munroe Medical Center Bond Measure was on the November 6, 2012 ballot in the medical district of Marion County, where it was defeated.

This measure sought to issue a bond in the amount of $130 million in order to help pay for debt repayments as well as capital improvements as needed by the facility. Marion County Hospital District trustees voted to put this measure on the ballot, those in favor noted that the hospital is a public facility so residents should have a say in its future. Those opposed to the measure noted that this would just be a temporary solution for the continuing financial problems of the hospital. If the bond does not get approved, the hospital would likely be leased and made private, cutting many of the services it now offers.[1]

Election results

Munroe Medical Center Bond
ResultVotesPercentage
Defeatedd No87,89357.43%
Yes 65,153 42.57%

Election results from Marion County, Unofficial Election Results Summary

Text of measure

Language on the ballot:

May the Marion County Hospital District issue bonds not exceeding a principal amount of $65,370,000 to finance new hospital equipment and new and renovated hospital facilities, with the bonds to be repaid from increased property taxes, not to exceed one mill annually? The bonds will bear interest at a rate not exceeding the maximum lawful rate and mature between 5 and 6 years after issuance.

YES- For Bonds

NO- Against Bonds[2][3]

References

  1. Star-Banner, "Voters will decide Munroe's fate," April 9, 2012
  2. Marion County Elections, Sample Ballot
  3. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.