The California High-Speed Rail Authority voted Monday to issue nearly $8.6 billion in taxpayer-approved bonds to build the nation’s first bullet train.
The state’s proposed high-speed rail line may once again be back on track with a stop in Anaheim.
California’s bullet train will cost an estimated $98.5 billion to build over the next 22 years, a price nearly double any previous projection and one likely to trigger political sticker shock, according to a business plan scheduled to be unveiled Tuesday.
A state audit says the agency in charge of a proposed $43-billion bullet train linking San Francisco and Los Angeles paid nearly $3 1/2 million in bills without getting adequate documentation.
Ethics issues are being raised about overseas trips taken by California bullet train officials who are reportedly unable to detail costs and sponsors of the travel.
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