By Joel Fox at California Political Review

February 17, 2016

It has often been said that in life, timing is everything. Those supporting an initiative to divert money dedicated from high-speed rail bonds to water storage projects likely will embrace that bit of wisdom with the revelation that the Central Valley segment of the bullet train is now facing a potential cost overrun of $260 million, or a 5 percent increase, over projected costs.

The Los Angeles Time article, reporting on this news, noted that experts agreed, “The increase, coming so early in construction, is a warning sign that costs will continue to rise.”

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