High-speed rail ruling threatens billions in funding
SACRAMENTO, Calif. -- A Sacramento judge's ruling that put the brakes on California's bullet train bonds also threatens to derail billions more in federal funding.
A Sacramento County superior court judge ruled Monday the state cannot sell $10 billion worth of voter-approved bonds to construct the high-speed rail system.
The judge ordered the state to re-do its entire $68 billion spending plan before construction can continue.
ABC7 News media partner The San Jose Mercury News reports it also sidetracks more than $3 billion in federal money because there are no longer any required state matching funds.
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