MIAMI-Voters in Miami-Dade approved a referendum that calls for $830 million in upgrades and new equipment for the Jackson Health System.

The initiative will be financed via property tax increases. The Jackson Health System was close to filing bankruptcy in 2011 and needed the funding to secure its long-term future as it faces declining reimbursements from the state and federal government, according to the Miami Herald.

“Plenty of people who voted for this bond today did it without thinking they would ever need Jackson themselves,'' said Carlos Migoya, president and CEO of the Jackson Health System. “Over the next decade, we will look back at this as the turning point.'' See story in the Miami Herald.

NOT FOR REPRINT

© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.