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Big news today out of Sacramento, where Bee columnist and high speed rail opponent Dan Walters concedes that the votes appear to be there in the Legislature to approve HSR funding: Its popularity has declined sharply, many of its details have yet to emerge, and independent authorities have questioned its financial and operational viability, but [...]
The California legislature is in a winter lull right now, but things will pick up soon and one of the main topics will be whether or not to agree to Governor Jerry Brown’s request to spend Prop 1A bond money to begin high speed rail construction. And according to Daniel Borenstein of the Contra Costa [...]
One of the common criticisms of the high speed rail project is that private investors aren’t interested in the project. There’s no real evidence backing that claim, but it gets shared anyway. Today that argument was dealt another blow when Fitch Ratings concluded “high speed rail networks will proceed”: Fitch believes that U.S. high speed [...]
It’s all too common to hear people frustrated at California’s fiscal morass claim it is all because of Proposition 13. Without a doubt, the voter initiative that capped property tax increases has been the most important event in the state’s history since the election of Hiram Johnson. But as Governor Jerry Brown knows first-hand, Proposition [...]
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