CALEXICO — The final numbers should be in.
When the Heffernan Memorial Hospital District trustees meet Tuesday night they will receive a "financial update" from board attorney Eduardo Rivera that should include specific numbers — to the penny — that detail how many millions of dollars of bonds were issued and sold by the district/city's "joint powers authority" and how much it cost to pay for that bond issuance and sale.
"I don't have the numbers now but I will have them by Tuesday," Rivera said this morning.
The authority is an independent public entity made up of two City Council members and two hospital district trustees.
It was created in 1996 to sell and manage a $9.35 million bond issuance and sale that used the city's half-cent sales tax revenue as collateral.
That half-cent sales tax was approved by Calexico voters in 1992 to offset the hospital's losses from providing indigent care at Calexico Hospital.