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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: longnshort who wrote (827458)1/4/2015 12:24:16 PM
From: miraje2 Recommendations

Recommended By
FJB
TideGlider

  Read Replies (1) | Respond to of 1576110
 
California Global Warming Tax Kicks In As Snow Blankets Ground

Yes indeed. Californians keep asking for it, and they keep getting it, good and hard. Truly the land of fruits and nuts. Pay more at the pump to fund Governor Moonbeam's choo choo train to nowhere..

reviewjournal.com

...Funding remains a major hurdle for high-speed rail. In 2008, Californian voters approved nearly $10 billion in bonds to kickstart the project, estimated to eventually cost $68 billion.

For many years, that appeared to be the project’s only source of money, until the legislature recently agreed to pledge 25 percent of future cap-and-trade revenues, or funds paid by companies to offset carbon emissions, plus an additional $650 million.

California raised nearly $1 billion from its cap-and-trade program since 2013. That money could increase significantly next year as the program expands to cover distributors of transportation fuels such as gasoline and diesel and home heating fuels like natural gas. Still, it is unlikely to cover the full cost of the project...