State Assembly Approves Funding for High-Speed Rail

$4.5 billion in state bond funding earmarked for plan.

Thursday, Jul 5, 2012  |  Updated 5:07 PM PDT
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State Assembly Approves Funding for High-Speed Rail

California High Speed Rail Authority

The state Assembly approved some funding for the high-speed rail project.

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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.     

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