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The Library => The SGA => Topic started by: CCTAU on November 09, 2011, 05:25:01 PM

Title: Birmingham decides it cannot pay for....
Post by: CCTAU on November 09, 2011, 05:25:01 PM
ANYTHING!

Quote

Jefferson County votes to declare bankruptcy
By Alan Collins

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The Jefferson County Commission voted on Wednesday to declare bankruptcy, the largest municipality in U.S. history to do so. The commission voted 4-1 to declare bankruptcy after spending nearly two days in executive session. Commissioners met with lawyers to discuss proposals designed to settle its $3.2 billion sewer debt with creditors.  However, commissioners were unable to reach a consensus and instead voted to enter into Chapter 9 bankruptcy. Commissioner George Bowman was the only commissioner to vote against bankruptcy. The vote ends years of efforts to resolve the county's sewer debt crisis. Commission President David Carrington said this commission has faced several problems and, at this moment, the commssion does not have one agreement from creditors. "I'm sorry this has to be done," Carrington said. Carrington thanked county attorneys and emplyees and fellow commissioners for their work in the process. Copyright 2011 WBRC. All rights reserved
http://www.wsfa.com/story/16001353/jefferson-county-votes-to-declare-bankruptcy
Title: Re: Birmingham decides it cannot pay for....
Post by: djsimp on November 09, 2011, 05:34:55 PM
Quote
The vote ends years of efforts to resolve the county's sewer debt crisis.

And when they say years, they mean lots of'em.
Title: Re: Birmingham decides it cannot pay for....
Post by: Townhallsavoy on November 09, 2011, 05:43:18 PM
What exactly does this mean?
Title: Re: Jefferson County decides it cannot pay for....
Post by: wreckingball on November 09, 2011, 06:43:51 PM
Birmingham and Jefferson County are two separate municipalities.
Title: Re: Birmingham decides it cannot pay for....
Post by: Buzz Killington on November 09, 2011, 07:58:54 PM
What exactly does this mean?

If you live or work within the County, you are fucked.
It is really a restructuring of the approximately 4 Billion in sewer debt.  There are several other factors in play and the answers are really not known.

If the County owes you money at this point though, hope you can wait a long time to get it...
Title: Re: Birmingham decides it cannot pay for....
Post by: Token on November 09, 2011, 08:07:58 PM
If you live or work within the County, you are fucked.
It is really a restructuring of the approximately 4 Billion in sewer debt.  There are several other factors in play and the answers are really not known.

If the County owes you money at this point though, hope you can wait a long time to get it...

But you better damn know they are going to get theirs.
Title: Re: Birmingham decides it cannot pay for....
Post by: Token on November 09, 2011, 08:10:24 PM
By the way, I don't feel sorry for any community that would allow Larry Langford to be voted in to ANY position of authority. 
Title: Re: Birmingham decides it cannot pay for....
Post by: Buzz Killington on November 09, 2011, 08:15:54 PM
By the way, I don't feel sorry for any community that would allow Larry Langford to be voted in to ANY position of authority.

While I agree...he's not even close to the worst they have voted in over the years.
Title: Re: Birmingham decides it cannot pay for....
Post by: Townhallsavoy on November 09, 2011, 09:50:31 PM
Glad I live out in Shelby County. 
Title: Re: Birmingham decides it cannot pay for....
Post by: Kaos on November 10, 2011, 08:21:21 AM
By the way, I don't feel sorry for any community that would allow Larry Langford to be voted in to ANY position of authority.

Every time I go to VisionLand, I hug his statue. 



Title: Re: Birmingham decides it cannot pay for....
Post by: Saniflush on November 10, 2011, 08:27:00 AM
By the way, I don't feel sorry for any community that would allow Larry Langford to be voted in to ANY position of authority.

Larry learned from the best....The good mayor Arrington started this whole ball rolling.
Title: Re: Birmingham decides it cannot pay for....
Post by: GH2001 on November 10, 2011, 09:24:04 AM
By the way, I don't feel sorry for any community that would allow Larry Langford to be voted in to ANY position of authority.

This
Title: Re: Birmingham decides it cannot pay for....
Post by: AWK on November 10, 2011, 10:32:35 AM
Can't wait for my water/sewer bill to sky rocket.
Title: Re: Birmingham decides it cannot pay for....
Post by: Buzz Killington on November 10, 2011, 10:39:50 AM
Can't wait for my water/sewer bill to sky rocket.
Well...the good news is that you won't be waiting long.
Title: Re: Birmingham decides it cannot pay for....
Post by: AWK on November 10, 2011, 11:01:17 AM
Well...the good news is that you won't be waiting long.
I swear to God if it sky rockets I will cancel my bill and dig a hole in the backyard. 
Title: Re: Birmingham decides it cannot pay for....
Post by: AUTailgatingRules on November 11, 2011, 11:32:51 AM
Can't wait for my water/sewer bill to sky rocket.

My water bill may go up, but at least I'm on septic and don't have to pay sewer fees