Jefferson County officials say the county is moving closer and closer towards filing for bankruptcy. Commissioner Jimmy Stevens stated, “Bankruptcy has been on the stove, possibly moved to the front burner.”
This week, a bill that would allow the county to raise taxes to make up for their removal of occupational taxes. Currently, county officials believe that if they do not declare bankruptcy, they will have to lay off hundreds of county workers. Officials estimate the layoffs would account for about 40 percent of people employed by the county.
So far, the county has already made $30 million in budget cuts and expects to have to cut around $73 million more from their annual budget.
Contact the Birmingham personal bankruptcy lawyers of Greenway Bankruptcy Law, LLC at (205) 324-4000 today, if you or someone you know is considering filing for bankruptcy in Birmingham.