Attorney General No.
11-0084
Secretary of State No.
1558
Description
Eliminates High Speed Rail Authority. Bars the State of California from paying for high speed rail unless the people pass a new constitutional amendment specifically altering this prohibition.Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local government: State debt service savings of up to $650 million annually from not using state bond funds to support high speed rail. A one-time loss of $3.3 billion in federal funds would reduce somewhat the level of economic activity in the state over the next several years, resulting in some reduction in state and local revenues.
Proponents
Peter Seidel
Date
1-23-2012
Document Type
Initiative
Qualified
Failed to Qualify
Recommended Citation
Elimination of California High Speed Rail Authority. Initiative Constitutional Amendment. California Initiative 1558 (2012).
https://repository.uclawsf.edu/ca_ballot_inits/1766