State and local governments can utilize private activity bonds to invest in hospital projects that have a public benefit. Non-profit hospitals and health care providers in Wisconsin rely on these private activity bonds to keep infrastructure costs down so that they can focus their valuable resources on patient care and service delivery.
In 2016, Wisconsin hospitals collectively used $1.8 billion of their resources to provide benefits to the communities they serve. These benefits included charity care and uncompensated care. Without these tax-exempt bonds, non-profit hospitals could be faced with shifting resources away from community benefits for infrastructure related costs.
WHA works to preserve and protect private activity bonds and their tax-exempt status as they help health care providers keep costs low so that they can focus resources on patients and services.
Kyle O'BrienSenior V.P., Government Relations608-274-1820EMAIL: Kyle O'Brien