A settlement that would let Jefferson County, Ala., avoid the largest municipal bankruptcy in U.S. history hinges on help from a legislature that so far hasn’t been willing or able to offer it.
Even Jefferson’s own lawmakers are divided over Gov. Robert Bentley’s proposal to offer the state’s moral obligation to back the county’s $3.14 billion sewer debt, and on how and whether to bolster its general fund. Both measures are critical to keeping the state’s most populous county afloat, according to officials there.
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