https://www.taxtmi.com/news?id=49644 Federal revocation of committed grants for California's high speed rail removes significant federal support and prompts state consideration of legal and financial responses. The rail authority contends the action violates legally binding agreements and was taken without thorough review, citing prior federal assessments and completed structures; state measures under review include extending cap and trade allocations, soliciting private investment, and pursuing administrative or judicial challenges to the funding withdrawal. en-us Thu, 17 Jul 2025 07:46:03 +0530 Thu, 17 Jul 2025 07:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=49644 Federal revocation of committed grants for California's high speed rail removes significant federal support and prompts state consideration of legal and financial responses. The rail authority contends the action violates legally binding agreements and was taken without thorough review, citing prior federal assessments and completed structures; state measures under review include extending cap and trade allocations, soliciting private investment, and pursuing administrative or judicial challenges to the funding withdrawal. News - Thu, 17 Jul 2025 07:46:03 +0530 https://www.taxtmi.com/news?id=49644