Tag: Funding Shortfall

By Marissa Ventrelli | The Gazette A pair of measures proposing a new way to provide additional funding for Colorado's roads, bridges and highways could be headed to the ballot next November. The initiatives, backed by retired contractor Donald Hanneman and retired tech executive Michael Hancock, would require all state revenue from sales and use taxes, excise taxes, tolls, and fees related to vehicles, fuel, rideshares and retail deliveries, along with a percentage of sales tax, dedicated exclusively toward the maintenance, operation and expansion of the state's roads. Currently, a portion of the state's transportation-related revenue is allocated to the legislature's general fund. Enterprise fees, such as those from vehicle rentals and the congestion impact fee, are earmarked...