California high-speed rail faces $7 billion shortfall, risks halting progress by next June

CALIFORNIA (FOX26) — More trouble tonight for the state’s controversial high-speed rail project.

It now needs a lot more money fast.

At a budget hearing in the state assembly Wednesday, California Legislative Analyst Office representative Helen Kerstein told lawmakers the project is now reporting it’s $7 billion short of what it needs by next June and Kerstein says that’s not all…

Story continues

TRENDING NOW

LATEST LOCAL NEWS