Alabama Supreme Court Clears the Way for Jefferson County to Refinance School Bonds
Jefferson County Commission President Jimmie Stephens summed up an Alabama Supreme Court ruling during a press conference Friday afternoon. “What’s it mean? It means it’s a great day for the citizens of Jefferson County, for all citizens of Jefferson County,” he said. “It enables Jefferson County to proceed in refinancing the county school tax warrants that is guaranteed by the 1 cent county sales tax.” Commissioners sought a state law revising that county sales tax law so they could refinance the warrants at a lower price and divide the remaining money from the tax more broadly. A circuit judge struck down that law, but Friday the Alabama Supreme Court upheld it. Read more.