Quantcast

Hearing ends, Judge approves plan to exit bankruptcy - abc27 WHTM

Hearing ends, Judge approves Jefferson Co. plan to exit bankruptcy

Posted: Updated:
JEFFERSON COUNTY - AL -

 

A bankruptcy judge confirmed Jefferson County's plan to exit bankruptcy. That puts the county one step closer toward making an exit December third. The hearing ended just after 8:30 Thursday night. 

"We have been through all the arguments, we understood our position, we were comfortable in our position," Commission President, David Carrington said after the judge's ruling.

 

The deal eliminates more than $1 billion of debt, but the sewer debt alone still sits at $1.8 billion - to be paid by people in Jefferson County.

Some ratepayers are still putting up a fight led by attorney Calvin Grigsby, but even his appeal will not change climbing sewer rates which, in the plan, over 40 years will reach a high of nearly 8 percent. 

"30% of all of the people in Birmingham on the system are on fixed incomes, social security," Calvin Grigsby said. "So if you're going to raise rates - a gross of $140 million to $660 million, those people are not going to be able to pay their bills 3, 4, 10 years out."

"We are working with the city court to sell the warrants on December 3rd and once the warrants are sold, I think that would mute any appeal," Carrington said.

While this plan gets the county out of bankruptcy - it doesn't get rid of long car tag lines or bring back jobs that must come from economic development which commissioners hope will be restored when bankruptcy is over.

"What the county needs is more jobs, more businesses, that will stimulate a growth in population and will stimulate housing development," Carrington said.

Sewer users in Jefferson County should expect to see the higher sewer bills starting next month.
  • Birmingham Area NewsMore>>

  • Windows of Downtown Ensley

    Windows of Downtown Ensley

    Thursday, August 21 2014 9:33 PM EDT2014-08-22 01:33:21 GMT
    Local art is helping to renew downtown Ensley. In September you will be able to walk down 19th Street and see for yourself.Last May, the Ensley Merchant Association and REV Birmingham announced plans to enhance 19th Street with an arts program called The Windows of Downtown Ensley. Store windows will showcase original artwork from area artists at participating merchants each month. The initiative is being organized by Kuumba Community Art, an Ensley-based art program with special focus on you...More >>
    Local art is helping to renew downtown Ensley. In September you will be able to walk down 19th Street and see for yourself.Last May, the Ensley Merchant Association and REV Birmingham announced plans to enhance 19th Street with an arts program called The Windows of Downtown Ensley. Store windows will showcase original artwork from area artists at participating merchants each month. The initiative is being organized by Kuumba Community Art, an Ensley-based art program with special focus on you...More >>
  • Irondale police officer explains his department's policies responding to calls

    Irondale police officer explains his department's policies responding to calls

    Thursday, August 21 2014 9:25 PM EDT2014-08-22 01:25:38 GMT
    There are a lot of moving parts when an officer responds to a call for help. The officer has to pay attention to what's happening around him, who needs the help and who's causing the problem. All police departments train their men and women. It's up to them to use that training.More >>
    There are a lot of moving parts when an officer responds to a call for help. The officer has to pay attention to what's happening around him, who needs the help and who's causing the problem. All police departments train their men and women. It's up to them to use that training.More >>
  • Vestavia Hills schools launch new drug testing program

    Vestavia Hills schools launch new drug testing program

    Thursday, August 21 2014 6:31 PM EDT2014-08-21 22:31:52 GMT
    Hundreds of parents are taking a step to make sure their child says no to drugs. Vestavia Hills middle and high schools have launched a drug testing program.More >>
    Hundreds of parents are taking a step to make sure their child says no to drugs. Vestavia Hills middle and high schools have launched a drug testing program.More >>
Most Popular
Stories
Videos
loading...
Powered by WorldNow