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« Colorado lawmakers’ grand bargain on transportation appears doomed | Main | Cities want to believe in the hyperloop because US infrastructure is so bad »
Thursday
Apr132017

Colorado Senate president trims proposed transportation tax hike as it advances

Denver Business Journal

April 13, 2017

Seeking the support of enough Republicans in the Colorado state Senate to push through a transportation tax-hike proposal, Senate President Kevin Granthammade several major changes to the bill during a committee hearing Tuesday, including the reduction of the proposed tax increase from 0.62 cents to 0.5.

Grantham, R-Cañon City, also committed $100 million per year from the state’s general fund to a new 20-year stream of revenue that would be used to cover roughly $3.5 billion a year in highway expansion projects, as well as generating additional funding for local roads and creating a new multi-billion-dollar multi-modal transportation grant fund.

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