Didn't see any board meeting in which this action was discussed. 

Written out:

June 24, 2016

Open Letter to Employees:

As most of you are aware Luminant (Comanche Peak nuclear plant) has not fully paid its property taxes for 2015. In late January, we received a partial payment of $1,220,234 instead of the $2,346,500 we were expecting. From the amount received from Luminant in late January, we were required to make a bond payment of $629,931. Luminant contested the value of the plant that was established by the Somervell County Appraisal District and upheld by the Appraisal Review Board. On March 10, 2016 after a bench trial, District Judge John E Neill of the 18th District Court of the State of Texas ruled that the value of the plant was $2,221,721.055. Rather than pay their property taxes based on the value established by the District Court, Luminant has chosen to appeal to the Tenth Court of Appeals in Waco. Luminant could have paid the remainder of its property taxes during the appeal but has chosen to pay nothing.

This action by Luminant has put the Hospital in a very difficult financial position. To date, we are owed approximately $2 million in property taxes from Luminant based on the $2.2 billion established value of the plant. We are now faced with the challenge of adjusting our expenses to survive until we receive the payment from Luminant. We do not believe we will receive any additional tax payments from Luminant during calendar year 2016 and probably will not receive full payment for 2015 taxes until 2018. 

As you may be aware, we have been making some difficult decisions to reduce our expenses. we have:

• Eliminated pay raises for all employees that were scheduled to be given in June 2016.