As we noted the estimated cost to build California’s bullet train from San Francisco to Los Angeles has doubled to $77.3 billion and could almost triple to $98.1 billion. Governor Jerry Brown is now on record what he thinks of it. “This is bullshit,” he told reporters in Sacramento on March 19. “I’m so…
Read More »
As we noted in January, costs for Jerry Brown’s vaunted high-speed rail project jumped by $2.8 billion to $10.6 billion, just for the stretch from Madera to Bakersfield. “It’s horrifying when you look at the amount of money we’re going to have to reinvest to make this program work,” exclaimed bullet-train board member Ernest…
Read More »
This week Elon Musk launched his Falcon Heavy skyward, with a Tesla roadster along for the ride. A power pack of 27 Merlin engines boosted the takeoff with five million pounds of thrust, the most by a conventional rocket since the Saturn V moon mission. As USA Today reported, “within a half-hour of the…
Read More »
Before Jerry Brown’s 16th and final State of the State address Thursday, the New York Times wondered if he would use the address to “push for reforms in California’s notoriously dysfunctional tax system, hamstrung by Proposition 13 and a heavy reliance on volatile capital gains tax revenues.” Brown did no such thing but he…
Read More »
“A slew of delays and higher-than-expected costs are driving the anticipated price of high-speed rail construction in the central San Joaquin Valley by more than one-third, to about $10.6 billion,” writes Tim Sheehan in the Fresno Bee. “That’s a $2.8 billion jump from the California High-Speed Rail Authority’s estimate in 2016 of $7.8 billion…
Read More »
Two years ago, as we noted, California’s high-speed rail project was facing 36 miles of tunnels through the mountains north of Los Angeles, a tectonically complex area abounding in earthquake faults. As independent experts observed, these tunnels would have been the most ambitious tunneling project in U.S. history, with 90% odds of massive cost…
Read More »
California’s vaunted bullet train has yet to carry a single passenger but it has managed to make the news. As it turns out, the state’s High-Speed Rail Authority offered a contract extension of $3 million on a noncompetitive basis. In other words, it was a no-bid sweetheart deal. That emerged in a new report…
Read More »
As we noted, California’s Board of Equalization has managed to misallocate nearly $50 million in tax revenue. BOE members have been spending public funds to promote themselves, staging useless events, and dishing out raises to high-salaried staff without performance reviews. The shabbily constructed BOE headquarters in Sacramento remains a safety threat and bottomless money…
Read More »
As any motorist can easily verify, California’s roads are a disaster. Governor Brown and the legislature are running to the rescue with a $5.2 billion deal that will raise the tax on gasoline, raise the tax on diesel and raise user fees on motorists. California taxpayers, the most embattled in the nation, have good…
Read More »
As we noted, California has made it difficult for veterans to apply their medical skills in civilian life. Like many others, these veterans must contend with the labyrinth of state boards and commissions. According to the state’s Little Hoover Commission, a watchdog agency of sorts, one out of every five Californians must receive permission…
Read More »
 |
 |
 |