SB18-001:Transportation Infrastructure Funding
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Originally Posted by SB18-001
Concerning transportation infrastructure funding, and, in connection therewith, requiring the transportation commission to submit a ballot question to the voters of the state at the November 2018 general election, which, if approved, would authorize the state, with no increase in any taxes, to issue additional transportation revenue anticipation notes for the purpose of addressing critical priority transportation needs in the state by funding transportation projects; would exclude note proceeds and investment earnings on note proceeds from state fiscal year spending limits; would repeal an existing requirement that the state treasurer execute lease-purchase agreements for the purpose of funding transportation projects; and would require ten percent of state sales and use tax net revenue to be credited to the state highway fund for the purpose of repaying any notes issued and funding transportation projects.
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All Republican sponsorship on the bill. So this probably dies or changes significantly once it hits the House, especially with House Democrats saying that the new tax windfall needs to cover education and other state expenses. The tax windfall can be up to $300 million a year, and the Republicans want to spend a large chunk of it, and possibly all of it, on road bonds.
CPR write-up
DBJ write-up
Denver Post write-up
Western Slope Now write-up