Advisers to Jefferson County, Alabama, are meeting with U.S. officials to discuss the county’s ongoing efforts to renegotiate its debt. The word “bankruptcy” is being bandied about.
Jefferson County has proposed using some of the sales tax it collects for its school bonds to make up for some of the sewer system’s shortfall, though it has yet to reach an agreement with creditors. County officials say they can’t burden residents with higher sewer rates, which have risen more than fourfold since 1997.
Oh, Susanna!
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