(May 31) – The biggest breakthrough of the 2018 legislative session — a multiyear Colorado transportation plan to relieve traffic congestion and support our state’s economic prosperity without jeopardizing education funding – was signed into law today by Gov. John Hickenlooper.
SB18-001 will invest $645 million in one-time transportation appropriations over the next two budget years followed by a 20-year investment of general fund money in $2.337 billion worth of bonds, if approved by the voters in a 2019 referendum.
“This is a big win for Colorado,” said Rep. Faith Winter, D-Westminster, the House sponsor of SB 1. “We now have a plan that invests responsibly in our future without getting the state so deep in debt that it will have to slash key priorities like K-12 funding when the next recession comes.”
“I’m proud that we were finally able to accomplish a meaningful solution on transportation this year that also protects other critical priorities like education funding,” said Speaker Crisanta Duran. “The needs are great and there’s much more to be done to fix our transportation system, but this is a major step forward to improve and modernize our infrastructure across Colorado.”