Search
- stopbchd
Even if BCHD goes Bankrupt over $150M allcove 30-yr Obligation - TAXPAYERS PAY
There's already been at least one District BK. In that case, the judge refused to discharge the District costs, and instead forced District property tax payers to continuing paying off the debt. (see https://www.sfgate.com/bayarea/article/hospital-district-challenged-los-medanos-2985745.php)
BCHD conducted no 30 year analysis before it said YES to the $6M grant that required 30 year operation. And if BCHD can't come up with the $3-4M a year, we'll be on the hook if BCHD files a BK.
Comments