Colorado business groups align behind transportation deal
DENVER (AP) — A broad coalition of Colorado business groups has endorsed a $5 billion transportation measure moving through the state legislature.
The coalition’s support, announced Monday, represents a boost to the proposal’s chances of passage. Previously, business groups including Colorado Concern and the Denver Metro Chamber of Commerce had offered competing plans to pay for the state’s infrastructure needs, complicating political negotiations at the divided legislature.
The state Senate voted unanimously in March to approve the bill, sending the measure to the House of Representatives. It would ask voters next year if they want to issue up to $3.5 billion in bonds that would cost up to $5 billion to repay over 20 years.
Disagreements remain over how the money should be split among state and local projects.