Grantham Wants Additional Revenue Directed Toward Roads

Denver -- A state economic forecast released today, showing general fund revenue collections far outpacing expectations, prompted Senate President Kevin J. Grantham (R-Canon City) to call on Gov. Hickenlooper and Statehouse Democrats to commit a greater future share of general fund dollars toward addressing the state’s road funding backlog, or “negative factor,” which has ballooned to an estimated $9 billion due to a recent history of funding diversions and neglect.

“These positive new revenue forecasts do not mean we can go on a spending spree, but they should mean we have an opportunity to provide Colorado’s crumbling roads with the general fund support they desperately need,” Grantham said. “We can make roads a top budget priority again, which is what Republicans will be pushing for when we get back to legislative business next month.”

The state economic and fiscal forecast released today shows a nearly $749 million increase in revenue above last year, or 6.7 percent in 2018-19, up from $666 million in a previous forecast. Where those additional dollars should go is sure to be a major focus of debate when the General Assembly starts back to work on January 10.

Please direct any media inquiries to Sean Paige at 719-337-0355.

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