<p>[Alabama</a> Offers To Help Jefferson County Avoid Largest-Ever Muni Bankruptcy](<a href=“http://www.businessinsider.com/alabama-offers-to-help-jefferson-county-avoid-largest-ever-muni-bankruptcy-2011-7]Alabama”>http://www.businessinsider.com/alabama-offers-to-help-jefferson-county-avoid-largest-ever-muni-bankruptcy-2011-7)</p>
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Jefferson County has struggled since 2008 to repay $3.2 billion in sewer debt that was largely the result of bad financing. </p>
<p>By making the sewer system a separate entity from the county, Alabama could help lower the rate that would have to be paid when the sewer debt is refinanced, Perry said.</p>
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<p>Glad to see the state help with B’ham’s issues.</p>
<p>I though you meant UA was going to try and assist them.</p>
<p>lol…I thought so too by the headline. I was like…what???</p>