April 20, 2012 > Calif. high-speed rail plan still vague
Calif. high-speed rail plan still vague
By Juliet Williams, Associated Press
SACRAMENTO, Calif. (AP), Apr 17 - The state's nonpartisan analyst says the latest proposal to build a $68.4 billion high-speed train system linking Northern and Southern California is still too vague.
The Legislative Analyst's Office on Tuesday recommended that lawmakers not approve funding this year. The analyst called the funding plan highly speculative and said ``important details have not been sorted out.''
The latest business plan trimmed the cost from an estimated $98 billion last year, but leaves it well above the $45 billion estimate given to voters in 2008 when they approved selling nearly $10 billion in bonds.
The LAO recommends that lawmakers reject Gov. Jerry Brown's request to start selling $2.6 billion in bonds to start construction.
The proposal puts completion of a 520-mile San Francisco-to-Burbank system in 2028.