A bill that sponsors say would add revenue to funding for Colorado’s roads and bridges without raising taxes was shelved by Democrats in a Senate committee hearing on Wednesday.
Senate Bill 044 was postponed indefinitely by the Democratic-controlled State, Veterans, & Military Affairs Committee on Wednesday.
The bill would allocate 10 percent of revenue from sales and use taxes on vehicles toward the state’s highway users tax fund and local governments. That revenue would be moved from the general fund under the legislation.
A fiscal note for the bill says it would transfer $366.3 million in fiscal 2021 from the general fund to the highway users tax fund, and $380.7 million in the following year.