Colorado nets much-needed windfall for road projects
By Brian Eason
THE COLORADO SUN
For once, some good budget news.
Colorado received a $111 million premium on a debt issuance of $500 million, thanks to strong investor demand for state-issued debt.
As a result, budget writers say that $100 million in planned cuts to the Colorado Department of Transportation over the next two years — and some additional cuts likely to come — will be at least partially offset by an investment market that has largely shrugged off America’s broader economic malaise.
“We’re not going to be making any more progress (on transportation) than normal — but we’re not sliding backwards either,” said Sen. Rachel Zenzinger, an Arvada Democrat who serves on the Joint Budget Committee, in an interview.