California’s high-speed rail project could run out of money by December 2027, potentially forcing officials to further scale back the planned Central Valley route, according to Inspector General Benjamin Belnap.
State leaders will need to find new funding or secure a loan next year to avoid a looming financial cliff that could disrupt construction plans.
Communities expecting service on the planned Bakersfield-to-Merced route could see the initial operating segment shortened even further if additional money is not secured…