Jefferson County commissioners indicated that they hope they are taking another step closer toward getting out of bankruptcy, Fox News reported yesterday. Jefferson County Commission President David Carrington and Commissioner Jimmie Stephens are heading to New York today, where they will meet with officials from the New York State Insurance Department. One point of contention is settling on a price for revamping the county's sewer system. "It's not just a number with creditors. It's who will pay what to get that number," said Carrington. "Certain creditors wouldn't mind if everyone else did the concessions." The cost of making sewer improvements skyrocketed once the county entered into a bond deal after the economy receded. The commissioners met with creditors last month in Los Angeles seeking a consensus agreement over a plan of adjustment to get out of bankruptcy. Carrington says that although he doubts that this trip will reach a deal, he hopes to see a framework agreement by February.
