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Refinanced Bonds reduce cost to taxpayers and health system costs
Commissioners, Leadership, CommunityRefinanced Bonds reduce cost to taxpayers and health system costs
Skagit Regional Health refinances General Obligation Bonds to reduce cost to taxpayers and Revenue Supported Bonds to reduce health system costs

“Community support has been key to our ability to meet the healthcare needs of the people we serve and we wanted to take this opportunity to give back,” said Peter Browning, Chairman of the Skagit Regional Health Board. “By paying close attention to interest rates, we are able to provide savings to the taxpayers of the district, who made the commitment 15 years ago to help fund a modern, new healthcare facility.”
The impact to the individual property owner’s tax bill is yet to be determined, as Skagit County has not yet released the assessed property valuation for 2020. Property owners in Public Hospital District No. 1, which includes most of Mount Vernon
area west of the city and the southern portion of Skagit County, including Conway, Lake Cavanaugh and Big Lake, currently pay 79 cents per $1,000 of assessed valuation. The refinance is expected to reduce the levy rate by approximately 5 cents per
$1,000 of assessed valuation.
“We are appreciative to the residents of the district for their support,” Ivie said. “The greater region continues to benefit from the foresight and generosity of the taxpayers who provided the support for the Skagit Valley Hospital expansion, which serves as a home for evidence-based, comprehensive healthcare for the people we serve.”
Contact:
Brian Ivie, President and Chief Executive Officer, 360-814-2293
Kari Ranten, Regional Director of Marketing and Communications, 360-814-2370
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Last post : 02/06/2023
Refinanced Bonds reduce cost to taxpayers and health system costs
Skagit Regional Health refinances General Obligation Bonds to reduce cost to taxpayers and Revenue Supported Bonds to reduce health system costs

“Community support has been key to our ability to meet the healthcare needs of the people we serve and we wanted to take this opportunity to give back,” said Peter Browning, Chairman of the Skagit Regional Health Board. “By paying close attention to interest rates, we are able to provide savings to the taxpayers of the district, who made the commitment 15 years ago to help fund a modern, new healthcare facility.”
The impact to the individual property owner’s tax bill is yet to be determined, as Skagit County has not yet released the assessed property valuation for 2020. Property owners in Public Hospital District No. 1, which includes most of Mount Vernon
area west of the city and the southern portion of Skagit County, including Conway, Lake Cavanaugh and Big Lake, currently pay 79 cents per $1,000 of assessed valuation. The refinance is expected to reduce the levy rate by approximately 5 cents per
$1,000 of assessed valuation.
“We are appreciative to the residents of the district for their support,” Ivie said. “The greater region continues to benefit from the foresight and generosity of the taxpayers who provided the support for the Skagit Valley Hospital expansion, which serves as a home for evidence-based, comprehensive healthcare for the people we serve.”
Contact:
Brian Ivie, President and Chief Executive Officer, 360-814-2293
Kari Ranten, Regional Director of Marketing and Communications, 360-814-2370