More Bullet Train Delays

Saskal, Rich
May 2006
Bond Buyer;5/19/2006, Vol. 356 Issue 32385, p33
Trade Publication
The article reports that California Senate's transportation committee has approved a bill to delay a $9.95 billion bond measure to finance a high-speed passenger rail line for two more years. This particular measure has been in the pipeline for four years without facing the public. In 2002, lawmakers adopted a bill to place the measure on the November 2004 ballot. Again in 2004, when lawmakers were faced with budget problems, they voted to move the measure to the November 2006 ballot. The high-speed rail bond will provide seed money for a bullet train that will connect Los Angeles and San Francisco.


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