California high-speed rail crashes into high costs

By Kathy Hamilton | Cal Watchdog

Funding for the high-speed rail project keeps chugging along in Gov. Jerry Brown’s May revision to his budget proposal for fiscal 2014-15, which begins on July 1. He maintained the same funding request from his January budget, $279,316. That’s still just a fraction of the $10.5 billion in state funding for transportation, up 2.34 percent in the May proposal over the January number.

He continues to expect to use and-trade money to fund the project, something CalWatchdog.com analyzed in an article last month, “Experts question legality of and-trade for high-speed rail.”

Moreover, recent events further have called into question the proposed $68 billion project.

at Cal Watchdog.