|Construction on I-25. Image credit: CDOT|
Funding for transportation in Colorado could be moving forward with the Legislature's most recent proposal. According to a presentation released for public comment, the proposed bill would:
- Raise gasoline fees by 2 cents a gallon every two years, starting in fiscal year 2023 and continuing to fiscal year 2029. Diesel fees would rise 6 cents per gallon in fiscal year 2023, and 1 cent every two years. They would be tied to a construction cost index after that
- New fees on top of an existing $50 annual electric vehicle fee, slowly increasing to $90 for battery electric vehicles and $27 for plug-in hybrids by fiscal year 2032
- A 30-cent fee on rides with services like Uber and Lyft, plus a to-be-determined fee on taxi rides
- A 25-cent fee for online retail deliveries
- $1.23 billion in new general fund and stimulus spending over the next 11 years.
- Reduce vehicle registration fees in 2022 and 2023