Friday, November 11, 2011

Who needs overstepping government sending police respondents to car crashes anyway?

Here’s a short story taken from today’s NYTimes.  Today, the largest county in Alabama filed for Chapter 9 Bankruptcy.  To avoid sounding too bias, today’s post consists solely of quotes taken directly from the article.

Jefferson County, home to nearly 700,000 people and to the city of Birmingham, is an extreme case. The seeds of its fiscal collapse were planted more than a decade ago when the county was ordered to rebuild its dilapidated sewer system…


Several officials were convicted of taking bond-related bribes, including a former county commission president and Birmingham mayor…


The complicated bond-and-derivative structures [which paid for the sewage system] did not work out for the county: they failed during the financial turmoil of 2008, leaving the county with a $3.2 billion debt.


The debt crisis was then compounded by a budget crisis when one of the county’s biggest sources of revenue, an occupational tax, was struck down in court and Alabama’s Legislature balked at letting the county replace it with a new tax.


That forced Jefferson County to slash its budget by nearly a third: it laid off more than 500 workers, closed several court houses, and stopped maintaining its roads.


Now officials say they will have to come up with an additional $40 million in cuts by Jan. 1. Given that the sheriff’s department is no longer responding to car accidents on county roads, county officials said, there seems little left to trim.


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