Following eight months of negotiations, Colorado legislative leaders on Wednesday introduced a 20-year transportation-funding bill that would ask voters to approve a sales tax hike to generate some $677 million per year for highway and transit projects — without making significant cuts to existing state revenues.
Observers, including Gov. John Hickenlooper, quickly referred to House Bill 1242 as a starting point, saying they expect details about everything from the size of the tax hike, to the allocation of new revenues, to be up for debate in the two months that the Legislature has left in its 2017 session.
But House Speaker Crisanta Duran, D-Denver, and Senate President Kevin Grantham, R-Cañon City, both expressed gratitude at finding a compromise they believe can muster support of their ideologically differing caucuses before they take their case to voters.
“We want to make sure that roads and bridges and transportation options across the state are adequately funded for generations to come,” Duran said in an interview with multiple news outlets shortly after introducing the bill just past 5 p.m.
She will co-sponsor HB 1242 in her chamber along with Rep. Diane Mitsch Bush, the Steamboat Springs Democrat who chairs the House Transportation and Energy Committee that will hear the proposal first.