California OKs Funding for High-Speed Rail Line
California lawmakers approved billions of dollars Friday in construction financing for the initial segment of what would be the nation’s first dedicated high-speed rail line connecting Los Angeles and San Francisco.
The state Senate voted 21-16 on a party-line vote after intense lobbying by Gov. Jerry Brown, Democratic leaders and labor groups.
The bill authorizes the state to begin selling $4.5 billion in voter-approved bonds that includes $2.6 billion to build an initial 130-mile stretch of the high-speed rail line in the Central Valley. That will allow the state to collect another $3.2 billion in federal funding that could have been rescinded if lawmakers failed to act Friday.
“The Legislature took bold action today that gets Californians back to work and puts California out in front once again,” Brown said in a statement. He later celebrated with Senate President Pro Tem Darrell Steinberg of Sacramento, a fellow Democrat.
Brown pushed for the massive infrastructure project to accommodate expected population growth in the nation’s most populous state, which now has 37 million people. He said the project is sorely needed to create jobs in a region with higher-than-average unemployment.
The bill, which passed the state Assembly on Thursday, now heads to Brown for his signature.
The first segment of the line will run from Madera to Bakersfield. The final cost of the completed project from Los Angeles to San Francisco would be $68 billion.
Senate Republicans blasted the decision, citing the state’s ongoing budget problems.
“It’s unfortunate that the majority would rather spend billions of dollars that we don’t have for a train to nowhere than keep schools open and harmless from budget cuts,” Sen. Tom Harman, R-Huntington Beach, said in a statement.
Sen. Ted Gaines, R-Granite Bay, said the project would push California over a fiscal cliff.
“It will require endless subsidies and will blast a massive hole into our budget,” Gaines said in a statement.