News Headlines Article

Supervisors patch VMC’s mid-year budget deficit with mix of funds, cuts
The Mercury News

In a midyear budget move that Santa Clara County officials say will resolve an unexpected $58 million deficit at Valley Medical Center, the county Board of Supervisors on Tuesday agreed to use $30 million in a one-time payment from the general fund, with the balance made up by a combination of $15 million in hospital revenues and $13 million in cuts at VMC.