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HSRA finance committee reports nearly $4.3 billion cash position, updates project funding to $44.3 billion
Summary
At its Oct. 9 Finance and Audit Committee meeting, CFO Jamie Matalka reported a cash position just under $4.3 billion, detailed support and capital budgets, and noted new statutory funding that raises identified project funding to $44.3 billion.
The California High-Speed Rail Authority Finance and Audit Committee heard an October 2025 financial briefing on Oct. 9, 2025, in which Chief Financial Officer Jamie Matalka said the authority’s cash position stood at just under $4.3 billion as of the reporting period ending July 2025.
Matalka told the committee the cash balance comprises $312 million in Proposition 1A funds, about $3.9 billion in cap-and-trade funds and $13.2 million in the Property Management Fund. He also said the total fund balance does not yet include auction results from an August 2025 cap-and-trade sale; once the Department of Finance issues an executive order, the authority expects an additional $99.4 million to be added to the fund balance.
The update included support- and capital-budget details. Matalka said the support budget for fiscal…
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