This isn’t about L.A. grabbing money from the Valley,” said State Sen. Henry Stern, D-Los Angeles, who introduced the bill.

This story was originally published by CalMatters. Sign up for their newsletters. California Gov. Gavin Newsom wants to tap at least $2.5 billion from the state’s climate fund to pay for state ...

Add Yahoo as a preferred source to see more of our stories on Google. California's high-speed rail project is slated to receive billions from the state over the next two decades. (Rich Pedroncelli / ...

California's high-speed rail project has won a financial lifeline, with the state committing $1 billion annually from cap-and-trade revenues through 2045. The steady funding agreement, formalized ...

The honest answer is to go back to the voters for another $100 billion in bond issuance authority along with revisions to Prop 1A removing the travel time and no-subsidy mandates.

The High-Speed Rail Authority CEO has made changes to the agency in the past year. Project needs faster permitting, eminent domain rulings and strong state funding. Central Valley line set for 2032, ...