Cave Creek school district to appeal bond-money ruling
Key quotes from the article...
"We owe it to our kids, and it's the best thing for the taxpayers," board President David Schaefer said."
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"He said asking the Arizona Court of Appeals to decide the matter, which could take up to a year, is the most cost-effective option regarding the pot of frozen money. He declined to estimate the legal costs associated with the appeal, saying that the details haven't been firmed up yet but that it was a "low price."
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"Applying the money toward existing debt would require setting up a trust, which also would be costly."
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