Iowa needs to come up with $20 million by July 2013 if it wants to keep $230 million in federal funds earmarked for high-speed rail. “The future is about finding more efficient ways to move,” said state Sen. Matt McCoy. “We have the money to fund this.” Gov. Terry Branstad is skeptical of the project, but reports say he won’t stand in its way. Some have suggested using some of the state’s gaming funds to come up with the $20 million.
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