Midland Hospital

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2025-2026 budget

Expenditures

Salaries, Benefits & Contract Labor $209.2M
Supplies, Services & Fees $139.7M
Capital Financing $43.2M
Physician Getwork Subsidy $28.8M
Other $30.6M
Total $451.6M

Revenues

Operating Revenue $358.1M
Local Property Taxes $49.4M
Sales Tax $37.7M
Other $13.2M
Total $458.4M

*Expenditures and revenues are estimates.

bond debt at ’24 FYE

Year Issued Total P&I Maturity Annual Cost*
2009 Build America Bonds Federal Subsidy1 $118.9M 2039 $8.1M
2024 Revenue Bond2 $164.6 2054 $5.5M
Refunding Bonds3 $85.2M 2032-2051 $4.5M
Total $368.7 $18.1M

*Annual costs are estimates based on information available through the Secretary of State’s office. Actuals may vary.

1 – The 2009 stimulus allowed entities to issue taxable bonds and receive a federal subsidy to offset interest costs

2 – Issued to fund hospital facilities or improvements, repaid using hospital revenues

3 – Refinances old debt with better interest rates