eNewsletter for December 2, 2013   December 5th, 2013

Editorial: High-speed rail proceeds in fits and start Sacramento Bee – Nov 27, 2013  In a mixed ruling on Monday, Kenny did not question going forward with the project. So the gleeful comment that “The high-speed rail project is derailed,” by Jon Coupal, president of the Howard Jarvis Taxpayers Association, is an extravagant exaggeration.

The judge did not invalidate the July 2012 legislative appropriation for the high-speed rail program – authorizing spending of $3.3 billion in federal grants and $4.7 billion in Proposition 1A bonds.

But the judge’s ruling cannot be sugarcoated. He did deliver a major setback that will delay the issuance of voter-approved Proposition 1A bonds by months.

December 2, 2013

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This entry was posted on Thursday, December 5th, 2013 at 7:56 AM and is filed under eNewsletter Archive.