"Judge Kenny ruled that the state does not have a valid financing plan, which was required under the 2008 bond measure, Proposition 1A."
Imagine that, our state government can't even comply with the most basic legal requirements to just get the program off the ground!
"The measure included provisions intended to ensure the state did not start the project if it did not have all of the necessary funds to complete a self-supporting, initial operating segment."
Good thing someone had the good sense to add this into the measure! Who would have thought that a government would just blow off the necessity to have enough money on hand to properly begin the bullet train to nowhere?
"The state rail agency created a funding plan, but it was an estimated $25 billion short of the amount needed to complete a first working section of the line."
25 billion? Chicken feed for the lightly taxed producers of California, who already shoulder the burden to support a seething, angry and violent mass of illegal aliens. What's wrong with adding the state's unions to their already crushing load?
"Kenny ruled that the state must rescind the plan and create a new one, a difficult task because the state High-Speed Rail Authority hasn't identified sources of additional revenue to allocate to the project."
Let's hope this is the de facto end of this idiotic idea to build a state version of Amtrack.
A train that nobody wanted to ride, that wasn't properly funded, and that didn't go anywhere. It reminds me of ObamaCare.
ReplyDeleteObama's bullet train to the end of the Democratic Party. All aboard!
DeleteReally, how many astounding progressive disasters can we think of in thirty seconds: Obamacare, the bullet train, Detroit, the Iran "deal," Solyndra and all it's ilk, Fisker, etc, etc, etc.