California Rep. Nancy Pelosi is praising Democrats in the state Legislature Monday for putting money toward high-speed rail.
Pelosi was in Sacramento for the opening of the new California Democratic Party headquarters. She says the federal government has the money to fund the high-speed rail and now that California is also committing money, a lot of uncertainty about the project has been erased. The state Legislature allocated $250 million to the bullet train in this year’s budget. In future years, 25 percent of cap-and-trade revenues will go toward the train.
“We’ll fight it," she said. "We expect we’ll have the funding for high-speed rail. We’re very pleased with the California budget and the assured stream of revenue.”
But the project has a high profile opponent in the House. Bakersfield Congressman Kevin McCarthy will likely be elected majority leader this week. He’s said he’ll do whatever he can to keep federal money from going to the high-speed rail.
