LatestGTI - Jefferson County Bankruptcy Update

Jefferson County will begin to exit bankruptcy after its confirmation plan was approved by U.S. Bankruptcy Judge Thomas Bennett. The plan adds $1.8 billion in new debt, paid for by raising sewer rates over 40 years. The bankruptcy can be traced to an ill-fated decision to enter into a 1996 consent decree with the EPA which will continue affecting the county and its citizens until 2053, at the earliest.

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