Hot Air

Price Tag for California’s High Speed Rail Project Goes Up Again – HotAir

Gov. Newsom of California is determined to see the high-speed rail system completed or at least started, but the bad news just keeps rolling in like a freight train (pun intended). Newsom is in the process of pushing for next fiscal year’s budget and as part of that process he has announced a plan to make sure the bullet train project gets money from the state climate fund.





California Gov. Gavin Newsom wants to tap at least $2.5 billion from the state’s climate fund to pay for state firefighting crews and the long-troubled high-speed rail project.

In his budget proposal unveiled last week, Newsom announced that he is seeking to extend the state’s landmark cap and trade program, which is funded by credits bought and sold by major polluters, through 2045. But the allocation of the money is already triggering a fervent debate among state…

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