Jefferson County treasurer opposes new debt plan

By Alan Collins

BIRMINGHAM, AL (WBRC) - Jefferson County's treasurer says she is against a plan by the county to take part in a federal debt program.

Jefferson County Treasurer Jennifer Parsons Champion announced Monday her plans to oppose a plan by commissioners to take part in the Obama administration's American Recovery and Reinvestment Act. Under the plan, the county will initially go deeper in debt, but the federal government will pay 45 percent of the debt.

Last week, Commission President Bettye Fine Collins said the cash strapped county has the money to pay their share of the bond debt.  However, Champion disagrees.

"The taxpayers of Jefferson County deserve a break from this reckless acquisition of debt," Champion said. "No sensible person would conduct their personal or business financial affairs in this manor."

The treasurer said if she is required to sign the warrants as a part of  the deal, she will refuse.

The county commission is scheduled to vote on the plan at Tuesday's meeting.

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