California’s High-Speed Rail Authority continues to forge ahead with the project to build the $68 billion train system, despite a court decision saying the HSRA cannot use Proposition 1A funds that were approved by the legislature.
To address this and many other controiversial decisions by the HSRA, Assemblyman Jim Patterson, R-Fresno, has introduced AB 1501 to protect California taxpayers from a risky financial obligation by the HSRA.
“By continuing to spend federal money, the HSRA is leaving taxpayers holding a bag full of matching state bond funds that a judge has said can’t be spent,” Patterson said in an interview. “We are essentially overdrawing our bank account by spending these federal funds. We simply don’t have the matching funds required by the federal… Read More