Parkland hospital board passes $1.5 billion budget amid rising costs, falling revenue

The Parkland Memorial Hospital board of managers unanimously passed a $1.5 billion budget Wednesday for the coming year, in which officials project rising costs and falling revenue. The budget still contains a $38.8 million hole, largely due to the whopping $105 million in depreciation related to Parkland's new hospital. Even so, the public hospital projects to have $54 million in cash reserves that it needs for operations.