Aldermen vote to keep funds intact from hospital deal
by Associated Press
Published: August 17,2011
Tags: budget, healthcare, hospitals, mergers and acquisitions, municipal government
OXFORD — The Oxford Board of Aldermen has voted to keep intact the $30 million it is getting as its share of the sale of a hospital building to Baptist Memorial Health Care Corps.
The board had voted to set aside $2 million of the $30 million to pay for some immediate community needs, while investing the remaining $28 million to use for long-term needs.
However, at a meeting yesterday, the board reversed itself and voted to restore the $2 million into the investment pot. The Oxford Eagle reports the board took the action after Mayor Pat Patterson threatened to veto the effort to use $2 million for community needs.
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