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BRISTOL, Conn. (AP) — A proposed sale of Bristol Hospital to a for-profit company could yield about $2 million in extra revenue for the city if the deal goes through as planned next year.
The Bristol Press reports (http://bit.ly/1s1xjz9 ) that city assessor Tom DeNoto says the hospital's land, buildings and equipment are valued at $103.5 million that would be subject to property taxes of $2.5 million a year.
Bristol would lose $520,000 in state aid to offset a non-taxable entity. The net gain would be about $2 million.
The city's overall budget is $181 million, with the new revenue adding a little more than 1 percent of total spending.
The Texas-based Tenet Healthcare Corp. and Yale-New Haven Health Services Corp. are seeking to buy Bristol Hospital for $50 million as soon as next spring.
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