SACRAMENTO, Calif. — The AP reported that the California High-Speed Rail Authority voted to issue approximately $8.6 billion in taxpayer-approved bonds to build the rail line.
Officials are on track to sell $3.7 billion of the bonds — $2.6 billion for high-speed rail and $1.1 billion for improving existing commuter rail systems across the state. Half of the bond money would go to the first segment of the line.
The project still needs to weather lawsuits with court hearings pending in the next couple of months. The rulings in those lawsuits could stall the bond money. For the full story, click here.