California High-Speed Rail Project Seeking Change in Funding Plan

State lawmakers will have to approve a change in plans for how the California High-Speed Rail project will fund the ongoing work in the Central Valley.

February 12, 2021, 8:00 AM PST

By James Brasuell @CasualBrasuell

Kathleen Ronayne reports for the Associated Press that California High Speed Rail officials recently proposed changes in the project's funding plan that would tap $1.4 billion in the project's bond funding to go toward completing 119 miles of track in the Central Valley.

The changes to the project’s business and funding plan would require public comment and approval by state lawmakers.

The $1.4 billion would use most of what's left from bond funding approved by voters in 2008. The bond money would replace funding from the state’s cap-and-trade program, which has seen reduced revenues during the pandemic.

Wednesday, February 10, 2021 in The Mercury News

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