A deal may be on the table today, that would allow Jefferson County to pay its sewer debt and avoid bankruptcy.
According to commissioners, the deal would include a reduction in the debt by $1 billion in exchange for the 1 cent sales tax for school construction remaining in place long enough to pay the sewer debt.
In addition, the Governor has formally asked the federal government for help from the $700 billion bailout package. If that is approved, the overall debt could be reduced even more.
More on this story here on nbc13.com and later on NBC13HD News starting at 430.
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DEVELOPING NEWS: A Deal May Be Close for Jefferson County Sewer
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Alabama's13.com
Published: October 07, 2008
Published: October 07, 2008
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