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Audit: Rail authority not ready for federal funds

Original post made on Oct 28, 2010

The California High-Speed Rail Authority has dished out more than $3.4 million in payments without reviewing the relevant invoices and is not prepared to manage the $2.25 billion it has received in federal funding, the state's Inspector General Laura Chick concluded in a new audit.

Read the full story here Web Link posted Thursday, October 28, 2010, 10:11 AM

Comments (2)

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Posted by Alfred W
a resident of Cuesta Park
on Oct 28, 2010 at 3:59 pm

Shut down the High Speed Rail project.
Not only the HSR Authority has no viable business model to ensure the project profitability but now this report shows that they are misspending the funds!
The city should put together a proposition on the ballot to de-fund the whole project

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Posted by ShineTheLight
a resident of Cuesta Park
on Oct 29, 2010 at 12:59 pm

You mean when you really look at the current HSR plan it looks like a SHAM? Gee, where have I heard that before...for the past many months.

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