California On Track To Pay Off $15B Bond Championed By SchwarzeneggerGovernor Brown's finance department estimates the total cost to the state to repay the bond will be $19.5 billion, which includes $4.5 billion in interest.
Lt. Gov. Breaks With Brown And Says He No Longer Supports Bullet Train Lt. Gov. Gavin Newsom, once a strong supporter of California's high-speed rail project, says he has changed his mind and no longer backs it.
California Lawmakers Approve Construction Financing For Country's 1st High-Speed Rail LineCalifornia lawmakers have approved billions of dollars in construction financing for the first segment of what would be the nation's first dedicated high-speed rail line, eventually connecting Los Angeles and San Francisco.