The Pueblo Chieftain editorial: It’s time to figure out how to fix our transportation issues
Colorado taxpayers dodged a bullet this past legislative session when a proposed half-cent state sales tax hike was rejected.
House Bill 1242 would have increased state sales taxes by $568 million in the first full year (fiscal 2018-19). The Senate Finance Committee voted 3-2 to kill the bill on April 25, even though it had the support of Senate President Kevin Grantham, R-Canon City.
HB1242 was designed, in part, to finance $3.5 billion in transportation bonds over 30 years to be repaid in annual installments – $100 million in the half of a fiscal year starting July 1, 2017, rising to $202 million or more a year starting in 2018-19.

