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Jefferson Co. Wants Loan To Get Employees Back To Work

Birmingham, AL – Alabama's most heavily populated county is seeking a loan to get more than 1,000 laid-off employees back to work.

Regions Financial Corp. said Wednesday it's negotiating a possible loan that would let Jefferson County recall laid-off employees.

The layoffs began after courts struck down a tax that provided about one-quarter of the county's revenues. The Legislature has approved a new tax, but the money has yet to start coming in and Jefferson County residents are still dealing with reduced services.

Aside from that problem, Jefferson County also is trying to avoid filing what would be the largest municipal bankruptcy in U.S. history over some $4 billion in bond debt on its sewer system.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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