Jefferson County sewer bonds

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(Information in the following story is from: The Birmingham News,

A state representative from Birmingham has proposed a plan that he says will allow Alabama's largest county to escape from bankruptcy.

Democratic Rep. John Rogers told The Birmingham News that he will introduce a bill in the Legislature to reinstate the Jefferson County 0.5 percent occupational tax and generate as much at $65 to $70 million. Rogers is co-chairman of the Jefferson County legislative delegation.

Federal regulators are asking a federal judge in Birmingham to set a trial date and avoid further delays in a civil fraud lawsuit against two former bankers accused of making payoffs to win billions of dollars in deals involving municipal sewer bonds.