Sacramento, CA — The Governing Board of the state’s High Speed Rail project has voted to send a revised business plan to the California legislature.
The High Speed Rail Authority voted 6-0 yesterday to approve the rewritten plan, which now puts the price tag at $68 billion.
The Associated Press reports that during the public comment period, union members touted the project as a way to create jobs in a state that has battled double-digit unemployment for years, while critics targeted the project’s steep price tag. The amount is $23 billion more than what was sold to voters when it was okayed in 2008.
The legislature has until Aug. 31 to authorize a bond sale to get the project started. How it will be received in the legislature remains unknown. It does have the backing of Governor Jerry Brown.
This post was last modified on 04/13/2012 10:47 am
Written by BJ Hansen.
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