by Ronald Campbell
High-speed rail has a hidden price tag — $96.8 billion for operations and maintenance from 2024 to 2060 if the 220-mph train from Anaheim to San Francisco is ever built, according to an audit released Tuesday.
And the profits, which the California High-Speed Rail Authority‘s business plan implied would go to the state’s taxpayers, actually will go private investors, according to the State Auditor.
The 82-page audit also found:
Read more: http://taxdollars.ocregister.com/2012/01/24/state-auditor-high-speed-rail-is-risky/147212/
High-speed rail has a hidden price tag — $96.8 billion for operations and maintenance from 2024 to 2060 if the 220-mph train from Anaheim to San Francisco is ever built, according to an audit released Tuesday.
And the profits, which the California High-Speed Rail Authority‘s business plan implied would go to the state’s taxpayers, actually will go private investors, according to the State Auditor.
The 82-page audit also found:
Read more: http://taxdollars.ocregister.com/2012/01/24/state-auditor-high-speed-rail-is-risky/147212/
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