Tangipa states, “The Inspector General’s report confirms what many of us have feared: even the High-Speed Rail Authority has lost hope in securing federal funding for the Merced-to-Bakersfield portion due to its ever-growing funding gap. We cannot continue to spend billions of dollars without a financial plan that ensures Fresno and the Central Valley won’t be left with a modern-day Stonehenge – an unfinished monument to government mismanagement. That is why I have introduced AB 377, which will require the High-Speed Rail Authority to create a business plan that includes a clear financial strategy and ensures that Californians are not left footing the bill for a failed project.
