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Main | Energy sector touts economic, charitable impact »
Friday
Aug032018

Why we’re asking all Coloradans to get behind “Let’s Go”! by Denver South Economic Partnership

Denver South Economic Partnership is backing Let’s Go Colorado campaign.  Below is their reasoning.


With the election season well underway in Colorado it can be both confusing and overwhelming trying to keep up with every ballot initiative. We here at Denver South EDP, having done the research and listened to our communities, fully back Let’s Go, Colorado, a new funding source to fix our roads.

For decades, we have lacked the resources to maintain our roads, highways and local bus routes all across Colorado. We need a statewide solution that ensures local governments have the resources to meet demands, addresses high-priority projects on state highways, and promotes multimodal transportation options that reduce congestion.

The Let’s Go, Colorado proposal will increase the state’s sales tax an additional .62% on the dollar. This revenue will address longstanding problems with funding transportation projects in the state.

We sat down with our Managing Director, Lauren Masias, to dive deep into why this topic is so important for all Coloradoans.

The first thing I see is tax increase, why would anyone want to vote for that?

LM: A sales tax allows everyone who uses our road to chip in, including tourists. When looking at the actual numbers our proposal only increases the sales tax by .62%, a little more than half a cent on the dollar.

What will the money be used for?

LM: If approved by voters, this will generate in excess of $750 MLN/year and the ballot question specifies that 45% is to be used for statewide projects by CDOT, 40% is to be distributed to Local Governments and 15% is to be used to fund ‘multi-modal’ projects anywhere in Colorado.

In essence, the money will fund critical sate projects to increase safety, make it easier to get around, support multimodal transit and fund local street and highway projects as determined by their leadership.

That seems like a lot of money, do we really need that much, I thought the gas tax already paid for that?

LM: State Gasoline Taxes don’t cover anywhere near what the needs are and CDOT has a more than $9B backlog of projects with no funding.

Click here for complete article.

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