Exact(3)
The first phase would be a 130-mile stretch from Bakersfield to just south of Chowchilla in central California, at a cost of just over $6 billion; of that, $2.6 billion would come from a $9 billion high-speed rail bond passed by California voters in 2008, and $3.5 billion from federal stimulus money.
Democrat Gray Davis signed the bill to place a $10 billion rail bond on the ballot.
The pressure on the agency has grown significantly in recent weeks, after it disclosed that the initial construction work in the Central Valley is $260 million over budget and after news that the state's agriculture industry is sponsoring a proposition to transfer $9 billion of rail bond money to water projects.
Similar(57)
A majority of Californians get this, voting in 2008 to authorize $10 billion in rail bonds even though the state is not exactly flush with cash.
A recent poll by Stanford University's Hoover Institution found that 53% of voters would approve of shifting the rail bonds to water projects.
But Jim Earp, a member of the California Transportation Commission who led the rail bonds campaign, said the water measure could have a difficult time because its backers were greedy.
Last month, Union Pacific attorneys appeared before the appellate court and asked that any decision permitting the state to sell additional high-speed rail bonds not support the state's contention that it met the requirements of Proposition 1A.
Schwarzenegger's predecessor as governor, Gray Davis, who played a key part in most of this as well -- first renewable energy standard, first greenhouse gas tailpipe emissions law, crafted the $10 billion high-speed rail bonds measure and got it through the legislature -- says there is a big spur that will ultimately trump those who oppose the Think Big agenda.
Feminists rail that Bond Girls are hypersexualized and two-dimensional.
Some feminists rail that Bond Girls are hypersexualized and two-dimensional.
The initiative calls for the reallocation of about $8 billion in remaining rail system bonds approved by voters in 2008 and $2.7 billion previously approved for water storage under Proposition 1 in 2014.
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