by Colorado Politics
None of the Republicans in the state House supported it earlier in the day, but Senate Republicans collected a unanimous vote Thursday night to send a bill to the governor that will eventually put almost $3 billion into the state’s beleaguered transportation system.
Senate Bill 1 puts $495 million into roads, bridges and alternative transportation this year, $150 million next year then allows the state to borrow $2.3 billion to be repaid over the next 20 years, tapping the state general fund for $122.6 million a year. Granted, only about $50 million a year is new money, with the rest coming from previous legislation and existing tax dollars that go to the state highway department.
But it sounds good to advocates to finally see a legislative commitment to quick cash and ongoing money to a state transportation system the Colorado Department of Transportation says is in need of $9 billion in the next decade and $20 billion over the next 20 years.
”While the funding provided to transportation is short of where we could have been, politics is the art of the possible,” said Sandra Hagen Solin, who represents Fix Colorado Roads, the coalition driving the funding discussion for years. “Since the beginning, we’ve advocated from that point of view. Today, Senate Bill 1 passed a split legislature and is what was possible this year.
“And for that, we are grateful.”
Negotiations haven’t been this fruitful in recent memory, however you add up the money.
Senate President Kevin Grantham, R-Canon City, has been at the forefront of negotiations for the past two sessions, Last year, Republicans on a Senate committee killed House Bill 1242, which Grantham co-sponsored, that would have asked Colorado votes to pass a half-cent sales tax. The compromise was announced to reporters in his office on Monday, with House Speaker Crisanta Duran at his side.