Your Town Filing Bankruptcy?

Yes, incorporated cities/towns can go bankrupt. There's even a special kind of filing for these entities. One such current town is Fairfield in Jefferson County. Two options for Fairfield are simply to dissolve or to merge with another town. Good luck with the latter.

Any towns in the Shoals looking at humongous debt with no hope of project completion? How y'all doin', Sheffield?

Very serious question: If major retail establishments are putting on the brakes concerning expansion, why does Sheffield want to continue with Inspiration Landing? Oh, okay. No one thinks the town is actually going anywhere with that anyway. Good point!

Deficits...Deficits Everywhere!

A line from a song says "Our love keeps draggin' on." In our case today, our quarantine keeps dragging on. Totally uncharted territory, but we can make some assumptions and predictions.

Credit Suisse says one in four extant malls in the U.S. will be closed by 2022. We somehow don't think this prediction needs any comment on how it will affect Florence.

The University of Alabama System says it's looking at 150 million dollars in lost revenue. How much is UNA looking at?

Some states are asking about bankruptcy. Does anyone think Alabama will come out of this unscathed?

How about towns? How's Sheffield doing in all this? The town of Hoover has said its budget will suffer a shortfall that could total at much as 15 million. How much can Sheffield afford to lose? Just in case it needs to be said, no one should count on Inspiration Landing to bring in the bacon.

We have no idea how much money TVA is losing, but it will affect its payment to the Ag Authority in Lauderdale. We're sure some will try to save the 20% completed project, but at what price? Our schools need that money more. 

Let us repeat that: Our schools need that money more!

We Have Seen The Future & There're No Cars In The Parking Lot