From OC Register:
Nothing epitomizes the abject failure of California governance more than the so-called High Speed Rail project or, as it has been derisively labeled, High Speed Fail.
To recap, voters in 2008 narrowly approved a nearly $10 billion down payment for the construction of a high-speed rail network between the Bay Area and Southern California that promoters said would cost a total of $33.6 billion. A year later, the High Speed Rail Authority, the governing body overseeing the project, revealed that the train would actually cost $42.6 billion. That estimate subsequently exploded to $98.5 billion, three times the original cost projection.