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California High-Speed Rail Project Seeking Change in Funding Plan – News

Kathleen Ronayne reports for the Associated Press that California High Speed Rail officials recently proposed changes in the project’s funding plan that would tap $1.4 billion in the project’s bond funding to go toward completing 119 miles of track in the Central Valley.

The changes to the project’s business and funding plan would require public comment and approval by state lawmakers.

The $1.4 billion would use most of what’s left from bond funding approved by voters in 2008. The bond money would replace funding from the state’s cap-and-trade program, which has seen reduced revenues during the pandemic.

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