Tag: Budget

California Legislature Prepared to Approve Cap-and-Trade Funds for High Speed Rail Project

The Sacramento Bee has reported that the Legislature’s budget proposal for the high-speed rail project has been finalized.  Gov. Jerry Brown and Democratic lawmakers have agreed to use 25 percent of future cap-and-trade funds, totaling $250 million, to continue construction of the $68 billion California High-Speed Rail Project (the “Project”).  The floor votes for the … Continue Reading

Governor’s Budget Proposal Throws a Life Preserver to the High-Speed Rail Project

On the heels of Sacramento County Superior Court Judge Michael Kenney’s decision halting an $8 billion bond sale for the construction of the California high-speed rail (“HSR”) project, Governor Jerry Brown has submitted a budget proposal to reapportion money from California’s surplus fund to the HSR project.  Notably, the surplus fund includes $850 million generated … Continue Reading
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