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Alabama-county close to bankruptcy

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Jefferson county in stormy weather
Who would ever have thought that a county could go bankruptcy? When I first heard aboute this, I for one wrinkled my eyebrows. Lately the politicians of Jefferson county got the word of the states highest court, that taxation on bussines and realestate were illegal.

Beat the bottom out of the public budgets
The money that the county now will not be able to collect in taxes are causing big problems. The politicians have been neccessary to make drastic cutbacks for 52 million dollard. The case has been appealed to a national court, but while waiting cutbacks are hitting the weak in society. read more aboute Jefferson county’s financial situation here

Written by admin

juni 6th, 2009 at 11:05 am

Posted in economics

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