CNNMoney.com reports on the recent progress of legislators to get approval for California's $40 billion high-speed rail project. However, as studies sponsored by HJTA and other taxpayer organizations have shown, the plan has a faulty business model and could turn out to be one of the most monumental wastes of taxpayer dollars in recent history.

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$8 billion is the amount of stimulus money that the Obama administration has earmarked for high-speed rail projects in the coming years. But according to an op-ed piece in The Wall Street Journal, high-speed intercity trains don’t actually benefit the people who ride them -- or the taxpayers who fund them.

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Even in the best of times, the three major bond proposals on the November ballot would merit a thumbs down. Propositions 1A, 3, and 10 would put taxpayers another $16 billion in debt to fund some dubious projects.  Read more >>

A just-released study, The California High Speed Rail Proposal: A Due Diligence Report by transportation experts Wendell Cox and Joseph Vranich, documents the actual costs of the project, which are greatly at odds with the estimates put out by promoters of Proposition 1A. The study, jointly sponsored by the Reason Foundation, Howard Jarvis Taxpayers Foundation and Citizens Against Government Waste, can be viewed here.  Read more >>

For six years in a row, Citizens Against Government Waste (CAGW) and the Howard Jarvis Taxpayers Foundation (HJTF) have published the California Piglet Book to spotlight waste, fraud and abuse of taxpayers' dollars. Modeled after the Pig Book, an annual analysis of Federal spending conducted by CAGW, we have found the state Piglet an excellent method of embarrassing California officials into better performance and a higher respect for the public's money.  Read more >>