Here’s the lastest from Monticello…

As regular readers will know, Bridgewater Telephone Company, an affiliate of TDS, sued the City of Monticello in May, challenging the City’s authority to use revenue bonds for a fiber-to-the-premises (FTTP) system. On October 8, the court issued its ruling dismissing the lawsuit on the merits. In his ruling, Judge Jon Jasper concludes that “the City has express authority” to “issue bonds to fund the FTTP project as an ‘other public convenience.’” He also concluded that “the City is not proposing to impermissibly use funds gained from issuing bonds for ‘current expenses’ as prohibited under the statute.”

(A copy of the ruling is available here as a downloadable PDF)