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LAO: Merced–Bakersfield high‑speed rail faces roughly $7 billion funding gap; HSRA to deliver fuller update this summer
Summary
The Legislative Analyst's Office told the Assembly Transportation Committee on March 1, 2025 that the High‑Speed Rail Authority's project update shows about a $7 billion gap for the Merced‑to‑Bakersfield segment and that a fuller supplemental report is expected in summer 2025.
The Legislative Analyst's Office told the Assembly Transportation Committee on March 1, 2025 that the High‑Speed Rail Authority's project update report shows a funding shortfall for the Merced‑to‑Bakersfield initial operating segment and that more detailed information is coming in a supplemental report this summer.
"There is about a $7,000,000,000 gap between projected funding and costs as they currently stand," said Helen Kerstein of the LAO, summarizing the authority's project update report and warning that the gap could grow if federal grants are…
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