One-Cent Sales Tax for New Schools Could Face Voter Repeal in Alabama

Sigo, Shelly
February 2005
Bond Buyer;2/28/2005, Vol. 351 Issue 32079, p4
Trade Publication
The article reports that one-cent sales tax for new schools could face voter repeal in Alabama. In December, the county sold S650 million of limited obligation school warrants to help 11 local school districts finance needed capital improvements and to retire outstanding debt. In late January, the county sold another $400 million of variable-and auction-rate revenue warrants secured by the same tax. Some of the county's state lawmakers first tried to repeal the one-cent sales tax in a special session of the Legislature just November 2005.


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