Tuesday, March 23, 2021

New Proposal Seeks $4B For Colorado’s Roads, Transit And More Over The Next Decade

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
This funding would be used to address CDOT's 10 Year Strategic List of Projects, roadway projects, transit projects, and other initiatives. More information about the proposal are available through this presentation and this article from Colorado Public Radio.

No comments:

Post a Comment

Any comment containing profanity will not be published.