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HSR Authority reports $3.8 billion cash position, ongoing Central Valley construction progress
Summary
CFO Jamie Matalka told the committee the authority had about $3.8 billion in cash (including Prop 1a and greenhouse gas funds), outlined budgets and contingency use, and Victor Diaz reported December Central Valley expenditures of $96.5 million with guideway and railhead milestones.
The California High-Speed Rail Authority’s chief financial officer told the Audit & Finance Committee on March 4 that the authority’s cash position was approximately $3.8 billion as of the reporting period and provided updates on budgets, change orders and grant activity. The committee also received a Central Valley construction update highlighting steady progress on guideway, structures and the Bell railhead.
Chief Financial Officer Jamie Matalka said the authority had "approximately $3,800,000,000" in total cash, comprised in the report of $86,000,000 in Proposition 1a bond funds, $3,700,000,000 in greenhouse gas reduction funds and about $14,000,000 in property management funds; she noted the November 2025 auction proceeds ($210,000,000) were processed in February 2026 and would appear in the next reporting period.…
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