Legislation recently introduced in the Colorado General Assembly would provide $5.3 billion in transportation funding to fix roads and bridges, improve transit options, and reach climate goals.
Funding would be through a combination of revenue. Nearly $3.8 billion would be generated through new fee revenue over the course of 11 years. Nearly $1.5 billion would come from the state’s general fund revenue and stimulus dollars.
New vehicle registration fees would cost the average driver about $28 in the first year and spread across all users of the system.
Under the bill, the Department of Transportation (CDOT), the Department of Public Health and Environment, and the Colorado Energy Office would collaborate to develop a transportation system that supports a dynamic economy while improving air quality.
For any organization or firm receiving funding, performance and accountability measures would be required. This includes four new enterprises created in the bill.
The bill also requires every new enterprise and the CDOT to maintain project management public dashboards, showing key performance indicators for projects paid for by the funding.
The Colorado Energy Office and Colorado Department of Public Health and Environment would be required to report on progress toward the Colorado Electric Vehicle Plan 2020’s electric motor vehicle adoption goals and on progress toward the Colorado Greenhouse Gas Pollution Reduction Roadmap’s greenhouse gas pollution reduction goals.