An extra $616 million in federal funds from Ohio and Wisconsin will be used to extend the initial construction of California's high-speed rail line, creating a 120-mile segment that will link two of the Central Valley's largest cities, Fresno and Bakersfield, according to a vote Monday by the state's High-Speed Rail Authority board
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Read more: http://www.mcclatchydc.com/2010/12/20/105575/new-funds-will-double-length-of.html#ixzz18kecuNec
Snip
With the unemployment rate pegged at 12%, and then some, California needs all the help it can get. An extra 1/2 billion dollars tossed in the kitty is very good news. Thank you free market ideologues of Ohio and Wisconsin. Thank you troglodyte Republican Party. We will take the $616 Million with pleasure.
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The money taken from Ohio and Wisconsin, after newly elected Republican governors in those states declined federal stimulus funds for high-speed rail, will be matched dollar-for-dollar by California with money from Proposition 1A, a 2008 bond measure, to bring the total amount available for the initial construction to about $5.5 billion.
Rail Authority vice chairman Tom Umberg described the latest infusion of cash as "an early Christmas present" to California from Ohio and Wisconsin
Rail Authority vice chairman Tom Umberg described the latest infusion of cash as "an early Christmas present" to California from Ohio and Wisconsin
Snip
With the unemployment rate pegged at 12%, and then some, California needs all the help it can get. An extra 1/2 billion dollars tossed in the kitty is very good news. Thank you free market ideologues of Ohio and Wisconsin. Thank you troglodyte Republican Party. We will take the $616 Million with pleasure.
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