The Financial Risks of California’s Proposed High-Speed Rail Project A Review And Assessment Of Publicly Available Materials On The California High-Speed Rail Authority’s Financial Plans October 12th 2010 “We do not oppose high-speed rail in concept. Itseems to work in parts of Europe and Japan and possibly elsewhere. The 2008 Prop 1A promise that captured many voters was that the California High-Speed Rail (CHSR) would not cost the taxpayer a penny. After months of work on this report, we are forced to conclude that the Authority’s promise seems an impossible goal.”