In yet another blow to California's troubled high-speed rail project, California's state auditor said Tuesday that the project's financing is "increasingly risky" and its oversight inadequate.
The California High-Speed Rail Authority's most recent business plan, state Auditor Elaine Howle said in a report, relies on funding sources that are so uncertain "the program's overall financial situation has become increasingly risky."
Howle's report is the latest in a series of critical reports about the project, including by the Legislative Analyst's Office and the rail authority's own peer review group.
$1.5 million grant to fund job training for high-speed rail project
California high-speed rail gets a green light
