UPDATE: On Friday, the last day to file any other titles for the November ballot, the coalition filed a fifth ballot title to provide another option to address state and local transportation priorities that would increase sales tax 0.35 percent.
On Feb. 22, we joined with a large coalition of partners from across the state to file language for a November ballot issue asking Coloradans to invest in our transportation infrastructure through an increase in sales tax. The coalition submitted four proposals to increase the state’s sales tax and allow us to bond so the large projects on the Colorado Department of Transportation's (CDOT) priority project list can be accomplished. The sales tax increases include 0.5 percent, 0.62 percent and 1 percent, which amounts to just five to 10 cents on a $10 purchase. The fourth proposal includes a 0.5 percent sales tax increase and requires the state to transfer $150 million from current general fund revenues each year to fund state and local transportation projects. The fifth proposal, filed Friday, would increase sales tax .35 percent for local and multimodal projects, dividing revenue among cities (who would receive 40 percent), counties (40 percent) and multimodal projects (20 percent) – raising $432 million in the first year. It would also bond up to $3.7 billion for state highway projects, relying on funds dedicated by the legislature.
Former Centennial Mayor Cathy Noon and Summit County Commissioner Dan Gibbs filed the first four initiatives on behalf of the coalition with the intention to move one of them forward onto the November ballot after we know the level of commitment we are able to get from current revenues. This approach ensures we are only asking voters for what is absolutely necessary to address our most critical transportation needs.
Why? We have critical needs that have gone unmet for decades. In fact, it’s been almost 25 years since our state has received an increase in tax revenue for transportation. During that same period, Colorado’s population has grown by almost 2 million people and technology is delivering mobility solutions that we aren’t able to take advantage of.
Our failure to invest is costing us real money. Colorado drivers are, on average, paying more than $1,600 a year because of traffic congestion delays, damage to vehicles, accidents and lost gas efficiency. Those costs really add up — in total, Coloradans are paying $6.8 billion annually due to the poor condition of our transportation system.
The solution is as clear as it is hard. We must invest in our transportation system. The coalition has identified critical elements to meet our needs:
There are a number of reasons the coalition is focusing on sales tax over other options:
We know this approach isn’t the easy road — outside of sin taxes, Coloradans haven’t raised taxes since approval of TABOR (the Taxpayer’s Bill of Rights) in 1992. But the demand for transportation investment has reached a critical level. Voters have shown us in the past that they will make these investments locally and regionally when there’s a clear plan to solve a challenge we face. We look forward to making that happen on a statewide level.
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