In 2010, the school ranked first in its county in student performance in math and reading and ranked among the top 10 percent of all Arizona charter schools.

FORBES: To Out-Educate, We Must Out-Innovate

But the county, home to about 35, 600 residents, ranked first in bond dollars spent on projects within its borders, with 46% of the total.

WSJ: 'Disaster Bonds' Miss Their Mark

The plant is being built in Posey County, which ranked 33rd in terms of worst-hit Indiana counties but was first in bond dollars spent on projects within the state, with 58% of the total.

WSJ: 'Disaster Bonds' Miss Their Mark