Alabama Governor Riley asks for help on city's sewer debt | montgomeryadvertiser.com | Montgomery Advertiser: "The governor's meeting with legislators came after only two of the five members of the Jefferson County Commission voted Monday in favor of a bankruptcy filing. Others hope that a deal can be reached, but commissioners did vote to ask the county attorney to look into the possibility of bankruptcy. One plan would use excess education sales tax money to pay part of the sewer debt, a move that would have to be approved by the Legislature. Riley also has asked the interim head of the Treasury Department's $700 billion bailout to help Alabama's most populous county avoid filing the largest municipal bankruptcy in U.S. history."
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Mr. Cash and Carry is going to have a long line outside his door. Jefferson County has a $3 billion sewer bill it can't pay.
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