Washington (CNN) - Republican Florida Gov. Rick Scott rejected $432 million in highly-touted funding from the Obama administration for an Orlando to Tampa high-speed rail Wednesday. Slamming government for becoming "addicted to spending," Scott listed three reasons why accepting the federal funds would amount to a "recipe for disaster."
In a statement, Scott said "I was elected to get Floridians back to work and to change the way government does business in our state."
He becomes the third Republican governor to reject the White House initiative for high speed rail, joining Wisconsin's Gov. Scott Walker and Ohio's Gov. John Kasich.
Among Scott's reasons for rejecting the funds allocated to Florida: "Capital cost overruns that could put Florida taxpayers on the hook for an additional $3 billion," "overly optimistic" ridership and revenue projections, and $2.4 billion owed to the feds if the project "becomes too costly for taxpayers and is shut down."
Citing a Florida budget proposal sent to the legislature that "reduces the size and scope of government, reduces the costs of that government and passes those cost savings on to taxpayers" in order to "create new jobs and turn Florida's economy around," Scott determined that "higher taxes and more government spending is a recipe for disaster," and, subsequently, that the rail project was a bust.
He said he spoke with Transportation Secretary Ray LaHood Tuesday and informed him of the decision to reject funds. In the statement he continued with a reminder: "Government has no resources of its own. Government can only give to us what it has previously taken from us."
The Obama administration previously pulled $1.2 billion in funding from Ohio and Wisconsin after their newly-elected governors vowed to kill high-speed rail projects that were underway. Though both governors asked to use the intended rail funds for different purposes, LaHood announced he would re-direct the funds to other states.
President Obama and Vice President Joe Biden originally announced the $8 billion stimulus package plan for 13 high speed rail corridor projects across the country in Tampa one year ago. A map reflecting the administration's "Vision for High-Speed Rail in America" has significantly changed with the withdrawal of Wisconsin, Ohio, and now Florida, a state which Obama and Biden carried in 2008.
The award of funds to Florida, originally sought by then-Governor Charlie Crist, represented a significant federal investment in the state.
Another Republican governor, Chris Christie of New Jersey, axed a massive infrastructure project that would have linked New Jersey and New York with a second rail tunnel, putting a damper on plans to ramp up rail in the U.S. Christie expressed concerns about ballooning costs and pulled the plug on the project in October 2010. The federal government promptly asked for a return of $271 million in federal funds already spent to launch the new line.