Jefferson County, Ala., Planning $1 Billion Offering For Schools

Sigo, Shelly
August 2004
Bond Buyer;8/26/2004, Vol. 349 Issue 31956, p1
Trade Publication
reports that Jefferson County, Alabama, commissioners are interested in selling up to a billion dollars in revenue bonds before the end of 2004 to provide capital for the county's eleven school districts, including schools in Birmingham. Plan to secure the bonds with a one cent increase in the county sales tax that was approved by a 3-to-2 vote of county commissioners on August 24, 2004; Provision of an Alabama law that allows counties to impose a sales tax for school capital without voter approval.


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