Decade after bankruptcy, Jefferson County refinances $2.24B debt

Jefferson County completed its refinance of $2.24 billion of sewer revenue warrants for a gross savings of $1.17 billion, officials said today. The move reduces the county’s payments on its overall sewer debt. It’s been over a decade since the Jefferson County Commission, in 2011, voted to file the largest municipal bankruptcy in history. Since then, Jefferson County officials have been working to bring the county out of its financial rut. The refinancing did not require extending the maturity of the sewer debt. It included a provision for a customer assistance program and stabilized rate incr