Measure F Health Bond FAQs
A: On November 5, 2013, voters in the Marin Healthcare District approved Measure F, the $394 million general obligation bond to rebuild Marin General Hospital. The funds from the bond will be used to build MGH 2.0, a modern, earthquake-safe, hospital that will serve our community well into the future.
Q: How will the Hospital Replacement Project be paid for?
A: The project is being financed through a combination of sources including Marin General Hospital’s future operating revenue, private donations and the Measure F Health Bond, which you may have seen on your October 2015 tax forms. On average, Measure F will cost homeowners about $130 per year only $11 per month and it’s deductible on state and federal taxes. The current rate is $23.50 per $100,000 assessed property value.
Q: How often will I see this Health Bond on my tax forms?
A: The Measure F Health Bond is an annual tax that will appear on homeowners’ tax forms for no more than 40 years.
Q: What about fiscal controls?
A: Every penny from Measure F must stay in our community to complete the hospital replacement project. No funds can be taken away by the State or be used for other purposes like administrators’ salaries. A Bond Oversight Committee comprised of community members will ensure funds are spent properly.
Q: Who can I contact if I have more questions related to the Measure F Health Bond?
A: For information please call the Marin Healthcare District at 1-415-464-2090 or email: email@example.com.