Colorado transportation funding faces winding road ahead

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Colorado transportation funding faces winding road ahead

Lawmakers scrambling after resounding failure of 2 ballot questions
Colorado’s voters, by roughly 20-point margins, said they didn’t want to raise the state sales tax to raise $6 billion for transportation improvements, and, separately, opposed borrowing $3.5 billion and paying it back from tax revenue already in the state budget. Last legislative session, however, lawmakers passed Senate Bill 1, which will again ask voters next year to approve borrowing money and paying it back from taxes already in the state budget.

Colorado transportation funding faces winding road ahead

Colorado’s voters, by roughly 20-point margins, said they didn’t want to raise the state sales tax to raise $6 billion for transportation improvements, and, separately, opposed borrowing $3.5 billion and paying it back from tax revenue already in the state budget. Last legislative session, however, lawmakers passed Senate Bill 1, which will again ask voters next year to approve borrowing money and paying it back from taxes already in the state budget.

Colorado transportation funding faces winding road ahead

Traffic fills Interstate 25 as the skyline of Denver rises in the background. State officials project Colorado needs $9 billion in transportation improvements over the next decade to keep up with growth.
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