Federal funding for California's high-speed rail project remains suspended, prompting state lawmakers to seek dedicated state funding. Lawmakers urged allocating $1 billion per year from cap-and-trade revenues to sustain construction and link future progress to statewide job opportunities. The cap-and-trade program requires major polluters to buy credits at auctions, generating billions in revenue. The project has created nearly 15,000 jobs and produced roughly $22 billion in economic growth so far. When the Los Angeles–San Francisco line is completed, the project is expected to create over one million jobs and generate about $86 billion in labor income. The project is billions over budget and decades behind the original 2020 schedule.
We can't build a 21st century transportation system on one-time money alone or with limited resources that don't get us where we're trying to go,
Every investment will and must deliver for workers, for the poor, for excluded communities facing barriers to employment,
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