Thursday, May 01, 2008

desperately seeking precedent

Us here in the Birmingham of the North should keep watch on the doings in Alabama. Still waiting for info to leak out of the proposed financial deal for Jefferson County, Alabama to avert bankruptcy. See this from Bond Buyer last week: Jefferson County Remedial Plan Under Wraps.

what is very relevant is that according to that article "the proposed legal solutions could raise legal issues that could take the county all the way to the U.S. Supreme Court". Which is pretty much at the core of my points when I posted Why Vallejo Matters. If Jefferson County or Vallejo clears through some of the legal fog on Chapter 9 bankruptcy........

Bond Buyer also has a piece today focused on Pennsylvania and transportation infrastructure funding. See: Transportation in Trouble.


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