Sample report · Capital Programs & Infrastructure

We re-derived a published figure from the public record.

The rail Authority's Draft 2026 Business Plan puts Phase 1 at $126.20 billion$1.7 billion below the prior baseline, a change the report labels as reported, not a verified saving, and re-expresses against the derived $128.0B prior baseline (−1.3%). Beside the Authority's figures sits the independent inspector general's April 2025 finding, quoted from the letter itself: the Authority "has demonstrably not fulfilled its statutory reporting requirements."

The situation

Mid-delivery megaproject, two publishers, one candid label.

A legislative budget subcommittee receives the statutory project update for a multi-billion-dollar rail program — from the Authority building it, and from the inspector general reviewing the Authority's reporting. The two must be presented side by side, never merged.

We entered the plan's published figures and construction statistics, and had the report derive the completion rates, label the cost change honestly, and carry the OIG's assessment with its date and source.

What we supplied

Only public inputs — each one sourced.

Inputs come from the Draft 2026 Business Plan (via its tables and the Authority's release) and the OIG's review letter.

InputValueSource
Phase 1 projected cost$126.20B total / $91.43B netDraft 2026 Business Plan tables
Change from prior baseline−$1.7B (reported)Draft 2026 Business Plan
Miles under design/construction171 (Merced–Bakersfield)Authority release, Feb 2026
Guideway complete / structures~80 miles / ~60 done + 29 underwayAuthority release
Environmental clearance463 of 494 milesAuthority release
Early segment cost / service$34.76B / 2033 (construction 2032, contingent)Plan tables
Cap-and-invest / federal withdrawal$1B per year through 2045 / $4B withdrawnPlan; 2025 reporting
OIG finding"demonstrably not fulfilled its statutory reporting requirements"OIG letter, Apr 28 2025

Source: OIG-HSR Review of the 2025 Project Update Report (Apr 2025) · download the source document we used.

The report

The finished, board-ready output.

This is the actual rendered report — interactive charts and all. Nothing was edited after generation.

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Reconcile

Our output vs. the published figures.

MetricPublishedOurs (computed)MatchNote
Prior baseline Not restated in the release $126.3B + $1.7B = $128.0B (−1.33%) ✓ exact Derived so the reduction has a denominator
Environmental clearance rate 463 of 494 miles 93.7% ✓ exact The completion percentage a board asks for
Guideway share of active corridor ~80 of 171 miles 46.8% ✓ exact Derived from two published counts

Appropriated and expended-to-date by funding source live in plan funding tables that weren't extracted — disclosed. The statewide completion year isn't stated in the sources used, so the report omits it rather than carrying an unverified date. The analyst-computed ~$2B early-segment funding gap is attributed to the analyst, not the Authority.

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