“We certainly want to be sure that CDOT can cover that (remaining 100 million dollars in repayments). But 150 million out of the general fund is good,” said Tony Milo, executive director of the Colorado Contractors Association, which opposed the bill last year but is considering whether to support it this session. “I think this version is much improved from last year.”
After legislative leaders declared across party lines in January that increased road funding would be a top priority this year, it took until there were 10 days left in the 2016 session for a $3.5 billion funding plan to be reintroduced — and even then, it is getting mixed reviews at best.
Sen. Randy Baumgardner, R-Hot Sulphur Springs, introduced a measure late Monday that would ask voters sometime in the next three years to sell bonds to fund major highway projects, including expansion of the Interstate 25 and Interstate 70 corridors.
It came just three days after the House passed two bills to re-categorize the state’s hospital provider fee and ensure increased funding for roads for the next four years — though Baumgardner denied there was any deal in the works involving those bills, despite repeated suggestions from Gov. John Hickenlooper that the revenue created by the fee change could be used to pay off bonds. Read on…