Colorado Gov. John Hickenlooper on Tuesday proposed cutting transportation funding in the state’s general-fund budget by 41 percent over the next two years, even as his staff expressed concern about increasing congestion and more fatal accidents on the state’s roads.
In submitting his budget proposal for the fiscal year that begins on July 1, the Democratic governor also proposed a $195 million cut in state hospital provider fee funds going to health-care facilities as part of $500.1 in balancing actions needed to bring the rising costs of running other departments in line with the much smaller increase in revenues that is predicted for the 2017-18 fiscal year.
However, several areas of the budget are proposed to get spending increases, including higher education, affordable housing and the new outdoor recreation industry office within the Colorado Office of Economic Development and International Trade.
But the proposed cut in available road money might be the decision that resounds through the business community the most, especially after separate Democratic and Republican efforts to increase transportation funding in the Legislature over the past two years both died in a hail of partisan bullets.
Read more at the Denver Business Journal: http://bit.ly/2f0ZX3S