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High‑speed rail authority says $1 billion annual floor would stabilize Merced–Bakersfield work; analysts flag financing gaps
Summary
The California High‑Speed Rail Authority told the Senate subcommittee that an administration proposal to dedicate at least $1 billion a year from the greenhouse‑gas fund through 2045 would support completing the Merced‑to‑Bakersfield segment and attract private partners. LAO and senators warned of large remaining funding gaps, uncertainty over fed
The California High‑Speed Rail Authority told the Senate Budget Subcommittee No. 2 that the administration’s May revision — which would make a minimum $1 billion annual GGRF allocation to the authority through 2045 — would provide steady funding that could allow completion of the Merced‑to‑Bakersfield segment and help the authority explore public‑private financing options.
Mark Tolleson, chief of staff for the Authority, said a sustained revenue stream would help the agency manage cash flow, procure materials and pursue partnerships that could accelerate delivery of the 119‑mile…
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