California High-Speed Rail Project Could Run Out of Money by End of 2027, Inspector General Says

After Billions Spent And Zero Trains, California’s Rail Boondoggle Nears A Reckoning

By JARRETT STEPMAN, The Daily Signal | August 12, 2026 California’s high-speed rail boondoggle may finally be running out of money. It’s bad news for Gov. Gavin Newsom, possibly good news for the people of California. I’ve been opining about why the California bullet train will never succeed since I wrote my very first column as a young college pup. But even my accurate (though not difficult) prediction about its certain failure didn’t quite cap…

California high-speed rail project could run out of money by end of 2027, inspector general says

State infusions of $1 billion a year over 20 years won’t come fast enough to keep construction on track, the authority’s Office of Inspector General said.

$3.4 Billion Rail Cash Buffer Eases Tutor Perini Funding Concerns

LOS ANGELES, August 18, 2026, 03:39 PDT California’s newest high-speed rail financial update details $3.375 billion available from all program funding sources. That is roughly 71 times larger than Construction Package 1’s $47.6 million in construction expenditures for June. While this isn’t a measure of the project’s total timeline, it highlights stronger upcoming payment ability…

California High-Speed Rail Authority could be broke by the end of 2027

California High-Speed Rail Authority could be broke by the end of 2027 Christine McLaren Mon, 08/17/2026 - 07:00 Primary Image The California High-Speed Rail Authority may run out of money by December, 2027, Smart Cities Dive reports.  Though the state committed $1 billion annually to the project for the next 20 years from its cap-and-trade program, a July 31 report from the Office of the Inspector General for the High-Speed Rail Authority clai…