TRENDING. High Speed Rail Reforms in California. 1 Editorial. 5 Suggestions.

The Los Angels Times editorial, Californians deserve more transparency on bullet train finances, the take aways:

• Support “common-sense transparency measures that can help them properly oversee the project”
• Lawmakers should be told how high speed rail will cover the full cost of the project
• Require that the authority include its projected borrowing costs in its business plan
• Disclose the long term costs of debt financing and securitization of debt issued against future cap-and-trade revenue
• Require high speed rail to identify changes in the project segments in each business plans to keep communities and lawmakers informed