Jefferson County Commission

Alabama County Bankruptcy
3:47 pm
Mon November 4, 2013

Jefferson County Aims To Exit Bankruptcy

Jefferson County aims to exit bankruptcy with an effort this week to sell $1.7 billion in refinanced sewer warrants.
Credit rollingstone.com

The effort to sell $1.7 billion in refinanced Jefferson County sewer warrants begins this week with presentations by local officials in Birmingham and New York.

Jefferson County Commissioner Jimmie Stephens says the milestone means that the county "is alive and well and beginning to kick again."

The presentations come one week after the Jefferson County Commission approved modified deals with sewer creditors. The county's path to exit Chapter 9 bankruptcy relies on the sale of new sewer system warrants to replace soured debt.

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Jefferson County Bankruptcy
5:18 pm
Thu June 27, 2013

Jefferson Co. Commission Approves Bankruptcy Plan

Jefferson County commissioners have approved a plan to exit the largest municipal bankruptcy in U.S. history.
Credit jeffconline.jccal.org / Jefferson County Commission

Jefferson County commissioners have approved a plan to exit the largest municipal bankruptcy in U.S. history.

The panel approved the plan on a 4-1 vote Thursday. It's due to be filed with a federal judge Sunday.

Most of the $4.2 billion debt stems from bonds that funded sewer system repairs, and the plan includes sewer fee hikes of 7.4 percent for four years and 3.4 percent for 40 years.

Commissioner George Bowman opposed the plan, which he says puts too much of a burden on people in his district.

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JeffCo Bankruptcy
5:20 pm
Tue August 28, 2012

Jefferson County's Money Woes To Close Hospital

The Jefferson Co. Commission voted to end inpatient care at Cooper Green Mercy Hospital.
nelsonglass.com

Financially troubled Jefferson County plans to quit admitting patients to its hospital for the poor.

The County Commission voted 3-2 Tuesday to end inpatient care at Cooper Green Mercy Hospital. The county also asked a bankruptcy court judge to stop a lawsuit by the city of Birmingham that seeks to keep the hospital operating.

The county filed for Chapter 9 bankruptcy in November, citing more than $4 billion in debt. It was the largest municipal bankruptcy filing in U.S. history.

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JeffCo Bankruptcy
5:02 pm
Tue August 7, 2012

Bankrupt Ala. County Considers Hospital Shutdown

nelsonglass.com

Leaders in bankrupt Jefferson County are nearing a decision on whether to quit admitting patients to the county's charity hospital as a cost-saving move.

The Jefferson County Commission will vote next Tuesday on whether to cease in-patient care at Cooper Green Hospital in Birmingham.

The hospital would continue seeing patients at its emergency room, but it would quit admitting patients. Opponents of the proposed closing say they'll stage protests if the commission decides to end hospital admissions.