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Borrowing costs for California bullet train revised upward

(Source: Los Angeles Times, March 7, 2012)

LOS ANGELES — California's distressed state budget will have to allot more than $700 million each year to repay billions of dollars that officials plan to borrow to build the first phase of a proposed bullet train, a nonpartisan government research office has found.

Full story: Los Angeles Times

Wednesday, March 7, 2012

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