• Causes Alabama to have a significantly higher borrowing cost in the bond market
  • Jefferson County’s credit rating of “Default” will remain for years to come
  • Puts Alabama and every municipality in the state at a disadvantage when recruiting new industry
  • Places the fate of Jefferson County citizens and ratepayers in the hands of a federal judge
  • Doesn't resolve the county's debt
  • More than $1 million per month in legal fees going forward
  • Economic decline will lower property values across the county and state resulting in diminished budgets and discontinued services 
  • Ability of issuing new bond debt for school construction, road projects, etc. will be non-existent for years to come in Jefferson County

Copyright ©2009 www.JeffcoCan.com; All rights reserved.