By Kathy Hamilton | Cal Watchdog
California’s high-speed rail project has problems in many areas, as this series has noted. A special problem, examined here, concerns using and-trade funds for the project.
In his January budget proposal for fiscal year 2014-15, which begins on July 1, Gov. Jerry Brown sought $250 million in the next budget cycle for the high-speed rail project. In the future, he also wants to take one-third of the money from the state’s quarterly and-trade auctions of greenhouse gas emission credits, which are being conducted by the California Air Resources Board.
The governor’s May Revision to his budget will be released around May 14. It will be interesting to see what revisions it makes to his and-trade proposal for high-speed rail.
at Cal Watchdog.