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August 20, 2022


Jennifer Pfaff

This one deserves its own post:

HSR Rail $100 B in the RED. Future ridership calculations have dropped by 25%, cost figures up to 128 B for the "full system", with a gap of $100 for politicians to ponder.

The CALMATTERS; R. Vartabedian article is reported by the SMDJ. The last few paragraphs are quite telling:

Kerstein (non-partisan Legislative Analyst Office):

"Absent very significant additional federal funds, the state will need to contribute additional funding (just) to get that segment from Merced to Bakersfield completed....The project failed to get the funding boost from the general fund when the state was flush with surplus tax receipts...now the state is struggling with a deficit and the likelihood of more to come; at the same time there are other priorities...It's going to be tough".

Notes UC law professor Elkins:

"Ultimately, the state will have to go back to the voters and ask for another bond issue if there is any hope to build the complete system. It's going to be harder to ask for more funding, which is why it's critical they finish this first (scaled down, 171-mile Merced to Bakersfield) segment."


Thanks, Jennifer. Done. Part 159 is up.

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