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House passes funding solution for hospitals

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Posted: Wednesday, February 19, 2014 10:00 pm

Counties were granted new taxing authority Wednesday, and the state has pledged $9 million to help keep struggling New Mexico hospitals solvent, but some state lawmakers worry it won’t be enough.

The House passed Senate Bill 268 by a vote of 55-10 Wednesday to ensure an estimated $36 million to help cover the costs of indigent patient care. The state budget that passed Wednesday provides $9 million in state funding, and SB 268 calls for counties to provide the rest through gross receipts taxes. Counties also were granted authority to raise gross receipts taxes by one-twelfth of a cent, or 0.083 percent — what amounts to 1 cent on a $12 purchase.

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