Hospital District Takes Loan to Bridge Gap to Tax Money
Reagan Hospital District CEO Kyle Rockwell notified the board Monday night that the district had to take out a $380,000 loan to make ends meet.
Rockwell said the loan, taken from the district’s $1.5 million line of credit at Security Bank, will be used to pay some large bills the district received at the beginning of October.
“We had large payments for two service organizations come due,” Rockwell said. “We also had insurance come due along with other operating expenses.”