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Lawmakers press High-Speed Rail Authority for milestones and credible funding plan
Summary
Assembly members pressed the High Speed Rail Authority for a clearer delivery plan and financing strategy after decades of mixed progress; lawmakers signaled skepticism about continuing large statutory shares of GGRF to the authority without interim milestones and a viable revenue or private-partner plan.
The Assembly Budget Subcommittee No. 4 questioned the High-Speed Rail Authority about the program’s direction, near-term deliverables and the suitability of assigning a large share of greenhouse-gas-reduction proceeds to the project.
Why it matters: The High-Speed Rail Authority has been a longstanding statutory recipient of a sizable slice of GGRF revenues. Committee members said any continued multi‑billion-dollar allocation requires clearer near-term milestones, a credible financing strategy and options that could attract private investment.
What lawmakers asked and what the authority said
- Timing and milestones: Members expressed frustration with the program’s multi‑decade timeline and asked for an interim plan that identifies construction and revenue milestones. Assemblymember…
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