Jefferson County- which includes the City of Birmingham- has a $3.2-BILLION debt that it can't handle.
Voters in that county of around 658000 residents decide in November whether Jefferson County declares bankruptcy or not.
Two things strike me from the Associated Press story.
One is the fact that this would be the largest municipal bankruptcy in American history (the Orange County-CA failure in 1994 was less than $2-bil).
Thing two is one way the county got to bankruptcy- and we better pay heed to this- was the cost to separate their sanitary and stormwater sewer system.
Have a fine weekend everybody!
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