Cancel the bullet train
The California High Speed Rail Authority just issued its draft 2020 business plan, a 164-page document accompanied by four supplemental reports and eight technical reports. A shorter version is on the agency’s website in a brightly colored graphic.
“Statewide economic benefits from investments through June 2019,” it reads, “job-years of employment: 44,700 — 50,500. Labor income: $3.17 billion — $3.62 billion. Economic output: $8.3 billion — $9.2 billion.
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