BROKE: RHD borrows $500K to keep doors open
Reagan Hospital District is running out of money.
The board received a cash flow assessment (available on Page 3) Monday during a special called meeting showing that the district will be out of cash by the end of April.
“We talked a few months back about how there is more money going out than there is coming in,” Chief Operating Officer Kyle Rockwell told the board. “We talked about how there may be a possibility that we will have to borrow money down the road. That time is now.”