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Originally Posted by Busy Bee
I really don't know where you are getting those assumptions, including the notion that "California can not afford to spend more than $8 Billion to date for CHSR"... That's a good one...
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https://www.fresnobee.com/news/local...252445418.html
"The conspicuous absence of money for high-speed rail in the $262.6 billion budget bill approved Monday by state legislators in Sacramento could have major consequences for construction work of the bullet-train line in Fresno County and the San Joaquin Valley.
The budget bill sent by the state Assembly and Senate to Gov. Gavin Newsom late Monday includes billions of dollars for transportation across the state.
But it does not include more than $4 billion sought by the California High-Speed Rail Authority and Newsom to advance work on the high-speed rail project that has been under construction in Fresno, Madera, Kings, Tulare and Kern counties for for seven years.
"If new Proposition 1A funds are not approved, the Authority will be forced to suspend most construction activity and with that most of the 1,000 weekly construction jobs will be eliminated,” the state rail agency stated in its latest business plan. “Additionally, funds will be redirected to costs related to closing construction sites and, later, to delay claims."
Both houses of the Legislature are controlled by Democrats, and Assembly Speaker Anthony Rendon, D-Lakewood, has called for the state to redirect high-speed rail money to urban transportation projects."
Just because you have the bonding authority from a referendum does not mean you have the ability to spend that money, spending requires Legislature allocations which change year by year.