Hickenlooper pushing for more transportation funding in state budget

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On Tuesday, Colorado Governor John Hickenlooper sent a letter to the Colorado Legislature’s Joint Budget Committee requesting $148.2M of the anticipated $256.5M in new general-fund revenues be spent on transportation. The expected increase in revenue is based on forecasts for the current and next fiscal years from the Governor’s Office of State Planning and Budgeting. Hickenlooper asked that the rest of the revenue go to the general-fund reserve, or “Rainy Day Fund.” The Governor's letter comes after the passage of Senate Bill 267, which authorized $1.9B in financing for transportation projects in the coming years, the first step in addressing CDOT’s projected $9B shortfall over the next decade.

Read more from the Denver Business Journal.