Colorado Politics

The Pueblo Chieftain editorial: What alternatives are there to raising taxes to pay for roads?

There’s no doubt Colorado’s roads are badly in need of repair. The question is whether to raise taxes, as legislative leaders are asking this year, or in the alternative find the money to meet the transportation need within the state’s $27 billion annual budget.

Rather than try to reprioritize the existing budget, which is at an all-time record high, House Speaker Crisanta Duran, D-Denver, and Senate President Kevin Grantham, R-Canon City, have opted for raising taxes. They have introduced House Bill 1242, which would raise the state’s sales tax, currently 2.9 percent, to 3.52 percent, which is an increase of about three-fifths of 1 percent.

If HB1242 passes both the Colorado House and Senate, voters would be asked in November to approve the sales tax hike, thus raising state revenues by between $620 million and $670 million a year.

Read more at The Pueblo Chieftain.

Tags

PREV

PREVIOUS

The Boulder Daily Camera editorial: Come face the music, governor

Another day, another smug victory lap by oil and gas propagandists who know their industry has taken ownership of Colorado state government in its entirety and can show you the receipt in the form of an obedient legislature, docile governor and supine state courts. We are told it is important not to normalize the machinations […]

NEXT

NEXT UP

Steamboat Today editorial: Securing future of Howelsen Hill

We are cautiously intrigued by the possibilities suggested by Steamboat Ski & Resort Corp. potentially bringing its expertise in ski area operations, food and beverage and marketing to historic Howelsen Hill. Undeniably, Ski Corp., throughout its different eras of ownership, has shown a steadfast interest in the legacy of Howelsen Hill as the oldest operating […]


Welcome Back.

Streak: 9 days i

Stories you've missed since your last login:

Stories you've saved for later:

Recommended stories based on your interests:

Edit my interests