Denver Post » Proposition 110 would increase the state sales tax from 2.9 percent to 3.52 percent for the next 20 years to fund state and local transportation projects, including new roads, maintenance of existing roads and debt repayment. Revenue would go to the state (45 percent), local governments (40 percent) and multimodal transportation projects (15 percent).
Governing » The need is indeed enormous. The American Society of Civil Engineers has graded the nation’s infrastructure as a D+ and warned that its deterioration is harming the nation’s ability to compete in the global economy. In the early days after Trump’s inauguration, Republican strategist Steve Bannon predicted that infrastructure would give the president an added bonus, the key to “an entirely new political movement, as exciting as the 1930s,” even “greater than the Reagan revolution.” It was such a good idea, the White House believed, that Trump’s team boosted the target to $1.5 trillion. But nearly two years after the election, the plan is by all reports dead. Everyone seems to love the idea of investment in infrastructure, but no one has figured out how to pay for it.