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High-Speed Rail’s Financial Crisis Deepens | Sacramento News
The Inspector General’s latest review slams California’s high-speed rail project for still violating state law and hiding a looming cash crunch—potentially running out of money by December 2027 without new funding. With $18 billion already spent and the first segment costing at least $36 billion, the full project could balloon to $126–$231 billion. The state lost $4 billion in federal funds and hasn’t secured private investment. A key revenue stream from the greenhouse gas fund is now uncertain due to new rules, and this year’s budget offered no relief. The IG warns that delays are…
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