Chamber Committee to Hear Pitch for Transportation Bond Ballot Measure
Jon Caldara, president of the Independence Institute, is slated to present arguments for why Coloradans should vote for a ballot initiative that would require the state to issue up to $3.5 billion in bonds to finance specific highway projects, during a Longmont Area Chamber of Commerce Public Policy Committee meeting Friday morning.
Caldara’s presentation is scheduled for 9 to 10:30 a.m. in the Longmont chamber’s conference room, 528 Main St.
Proposition 109, which Caldara and his libertarian think tank call the “Fix Our Damn Roads” measure, does not include any increase in taxes or fees to repay the bonds. Instead, the state would have to identify sources within its budget to cover those payments.
The Longmont chamber’s Public Policy Committee got an Aug. 14 presentation from Kelly Brough, president of the Denver Metro Chamber of Commerce, about a rival state ballot question — Proposition 110, the “Let’s Go, Colorado” proposal — to increase Colorado’s 2.9 percent state sales and use tax to 3.52 percent for 20 years to generate a projected $19.1 billion for state highway, multimodal and local transportation spending.