Two recent court rulings denied a blanket validation to sell $8 billion of Prop. 1A bonds and ordered a redo of the 2011 high-speed rail funding plan before spending bond money on construction.
The governor in his quest to keep HSR on track has 1) tried to override the court's ruling, and 2) wanted to use cap and trade money to continue the HSR project. While these monies are minuscule to the overall $68 billion HSR cost, it is indicative of what is in store for Californians.
Every budget item is at risk. This includes the rainy day fund, the projected future budget surpluses, the comprehensive public retirement benefit reductions, transportation and roads infrastructure, and even mental as well as environmental, health concerns. The governor may even find a way to link the benefits of HSR to the education of our youth.