$10B a liability taxpayers will repay with interest
Where is the accountability? The incompetency of our government is stunning. Gavin Newsom has essentially killed off Jerry Brown’s high-speed rail and the Delta twin tunnels boondoggles (which is good).
However, $10 billion in bonds were issued as a down payment for high-speed rail, which is now a taxpayer liability that has to be paid back with interest, and portions of the rail line have already been built in the Central Valley. So what happens to all that?
Regarding the Delta tunnels, over $280 million was spent to study, plan and permit the project. All down the drain now (no pun intended). It will all have to be spent again to study, plan and permit the single tunnel.
How does this keep happening, why is there never proper oversight, and why is there never any accountability? We have to pay for this incompetency, and heads should roll because of it.
— Joseph Gumina, San Carlos