Colorado lawmakers reached a deal on May 7 to provide revenue from the state’s general fund— $495 million in 2018, $150 million in 2019, and $50 million annually thereafter— and a $3.25 billion bond in order to fund transportation projects throughout the state. The bond, which would be subject to voter approval in 2019, will only go forward if both transportation ballot measures on the November 2018 ballot fail to generate enough voter support to pass.
House Speaker Crisanta Duran (D- Denver) and Senate President Kevin Grantham (R- Canon City) announced the compromise after months of debate and within days of the May 9 legislative adjournment date. Revised Senate Bill 1 now goes back to the legislature for final approval in both chambers.