State Assembly Approves $4.5B In State Bond Spending For High-Speed Rail System
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SACRAMENTO, Calif. (AP) — The California Assembly has approved legislation authorizing about $4.5 billion in state bond funding for a high-speed rail system backed by Gov. Jerry Brown.
Lawmakers approved SB1029 on a 51-27 vote Thursday afternoon, with Republicans opposing it.
The bill would pave the way for California to begin selling $2.6 billion in voter-approved bonds. It allocates another $1.9 billion for regional rail improvements.
If the Senate also approves the same legislation Friday, California could tap $3.2 billion in federal grants to start construction of the first segment in the Central Valley.
Democrats say a bullet train would put California on the cutting edge and bring relief to its strained transportation network. Republicans called it a boondoggle that will further hurt the state’s faltering economy.
(Copyright 2012 by The Associated Press. All Rights Reserved.)