Birmingham's debt reduced by $100 million; lowest since 1999 - ABC 33/40 - Birmingham News, Weather, Sports

Birmingham's debt reduced by $100 million; lowest since 1999

Birmingham's debt reduced by $100 million; lowest since 1999

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BIRMINGHAM - AL -

Birmingham's debt problems is getting some relief.   The debt is reduced by 100 million dollars. In turn, it increases the city's debt capacity.  It's the lowest debt ratio since 1999.  In a statement, Birmingham mayor, William Bell, says "During a time of financial recession, the city has been able to not only maintain fiscal responsibility, but also reduce its debt putting us in a position of moving capital projects forward in the city via the bond referendum."