MoveColorado is a member of the Colorado Coalition #LetsGoColorado
The Denver Metro Chamber of Commerce and a large coalition of groups from around Colorado will push to get a .62 percent, 20-year sales tax increase on this fall’s ballot, asking voters to fund billions of dollars worth of transportation infrastructure projects.
The ballot measure is meant to address a shortfall in transportation infrastructure investment that has become a pressing issue for business and civic leaders who are concerned that traffic congestion and inadequate infrastructure will undercut Colorado’s economic growth.
“Our research says they’re ready,” said Kelly Brough, president and CEO of the Denver Metro Chamber of Commerce.
The coalition will pay for gathering at least 160,000 signatures, which is expected provide cushion enough to meet the state requirement for 98,492 current registered voters to get the measure on this fall’s ballot.
If successful, 45 percent of the revenue raised by the tax increase would back up to $6 billion in Colorado Department of Transportation bonds for state highways. Another 40 percent of the new tax revenue would be split between counties and municipalities around the state for transportation projects, and the remaining 15 percent dedicated to transit and multi-modal projects.