Nielsen Says Leg Analyst Review Confirms Budget Busting Cost of HSR - LaMalfa/Nielsen Bill Would Stop $21 Billion Drain

Thursday, March 8, 2012

SACRAMENTO (March 7, 2012) - Assemblyman Jim Nielsen (R-Gerber) released the following statement today regarding a recent report by the nonpartisan Legislative Analyst's Office (LAO) which found that a proposed measure repealing state borrowing for high-speed rail would save California over $709 million every year for 30 years. The LAO's report highlights the need for Senate Bill (SB) 985, authored by Senator Doug LaMalfa and coauthored by Assemblyman Jim Nielsen. The bill puts the High Speed Rail project back on the ballot for reconsideration by California voters.

"Californians across the state are struggling with limited family funds, and the government is struggling to ensure core government functions, such as education and public safety," said Nielsen. "The $709 million per year expense for this dubious rail project represents a continuing drain on our economy we simply cannot afford."

"Senator LaMalfa and I have taken action, with SB 985, to guarantee voters have a chance to reevaluate the High Speed Rail project in light of all the financial facts that have now been exposed to the light of day," said Nielsen. "Under the latest $100 billion price tag, I am convinced that the vote of the people will repeal this luxurious boondoggle."