Tag "high-speed rail"

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Prop. 53 could have far-reaching consequences for state project financing – or not

SACRAMENTO – Most California voters are unfamiliar with the inner workings of the municipal-bond process. Many are likewise unfamiliar with the differences between, say, “general obligation” bonds and “revenue” bonds. Nevertheless, they will be asked Nov. 8 whether to require

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Cap-and-trade carbon tax showdown looms

  Despite years of success in doing what it was supposed to do — cut emission levels — California’s controversial cap-and-trade system has run up against opposition that could be strong enough to sink it. But with nothing to lose

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Poor cap-and-trade revenues batter bullet train budget

  In yet another blow to California’s besieged bullet train, revenues from this year’s cap-and-trade carbon credit auction fell drastically below the state’s goals, triggering a selloff that left analysts unsure of the system’s long-term viability. “The results of last week’s

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CalWatchdog Morning Read – May 26

  Clinton, Sanders tied in CA, both lead Trump San Jose Senate race splits Democrats Cap-and-trade credits ain’t selling High-speed rail behind schedule, short on funding Presidential circus Good morning! Happy Thursday. Hillary Clinton and Bernie Sanders are virtually tied

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High speed rail pushed back 4 more years

  Falling short even of some critics’ expectations, California’s beleaguered high-speed rail was dealt another blow to its credibility as the state’s biggest and most ambitious infrastructure project, with news emerging that the federal government signed off on a massive reschedule that

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High-Speed Rail Authority wins time in case brought by landowners

A judge has denied a claim filed by opponents of California’s high-speed rail project, saying that while they raised compelling questions about the project’s viability, the project has not progressed enough for the court to evaluate their claims. The March

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SoCal support for bullet train wavers

California’s beleaguered high-speed rail project has hit yet another speed bump: a loss of confidence among Southern California officials already left hanging by plans that shifted first-stage construction northward. “The California rail authority’s failure to identify a source of funding

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Measure diverting bullet train funds for water storage hits money shortage, eyes 2018

Proponents of a ballot initiative that would divert high-speed rail funds to water storage projects announced on Friday that the cost of signature gathering was too great for the November ballot and set its sights on 2018 instead. The measure would

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Bullet train survives lawsuit, but faces new delays

A California court may have given the state’s beleaguered high-speed rail project enough rope to hang itself. After surviving a major lawsuit, the bullet train will still be coming fully online years later than anticipated. “California’s high-speed train has just been

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Bullet train plan counting on new federal funding

The draft business report released last week by the California High-Speed Rail Authority presumes that $2.9 billion more in additional federal funding will be provided in coming years to help pay for the approximately $20 billion cost of the initial

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