Bloomberg News

California Senate Approves Spending for High-Speed Rail

July 06, 2012

California’s Democrat-led Senate voted to fund the first leg of a $68 billion high-speed passenger rail line down the spine of the most populous U.S. state, even as polls show waning public support.

The bill, passed by the Assembly yesterday, goes to Governor Jerry Brown, a Democrat and advocate of the bullet- train to link San Francisco and Los Angeles. The plan authorizes the state to begin selling $2.6 billion of bonds already approved by voters and anticipates $3.3 billion in U.S. matching funds.

To contact the reporter on this story: Michael B. Marois in Sacramento at

To contact the editor responsible for this story: Pete Young at

The Good Business Issue
blog comments powered by Disqus