High-speed rail ruling threatens billions in funding

SACRAMENTO, Calif.

A Sacramento County superior court judge ruled Monday the state cannot sell $10 billion worth of voter-approved bonds to construct the high-speed rail system.

The judge ordered the state to re-do its entire $68 billion spending plan before construction can continue.

ABC7 News media partner The San Jose Mercury News reports it also sidetracks more than $3 billion in federal money because there are no longer any required state matching funds.

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