Statewide, CO – Sales Tax, Nov. 2017

Statewide, CO

Election Date: November 7, 2017
Type: Sales Tax
Revenue Type:
Transit Revenue Explanation:
Outcome: None
Results:

Governor Hickenlooper and state legislators are planning to ask Colorado voters to approve a tax increase to support transportation projects around the state.  As it currently stands, the proposal calls for a temporary 20-year increase in the state’s sales tax from the current 2.9 percent to 3.52 percent, alongside a reduction in vehicle registration fees.  The tax hike would raise about $702 million a year and the fee reduction would cost about $75 million.  The proposal also calls for putting in another $50 million from existing resources, so in total, the measure would raise about $667 annually.  On March 21, members of the House Transportation and Energy Committee passed the proposed legislation along party lines.  It now goes to the House Finance Committee for consideration.