Welcome to the Friday, August 24 Brew. Here’s what’s in store for you as you start your day:
- “Fix Our Damn Roads” qualifies for ballot
- West Virginia Supreme Court update
- Virginia governor calls special session on redistricting
Colorado "Fix Our Damn Roads" Initiative certified for the ballot
Yup, you read that right. The colloquial name for this initiative is “Fix Our Damn Roads.” Sorry, mom.
Colorado Secretary of State Wayne Williams announced Wednesday that the measure had qualified for the November ballot.
The measure would authorize $3.5 billion in bonds with proceeds to be used exclusively for road and bridge expansion, construction, maintenance, and repair of specific statewide projects, and not to be used for transit, administration, or indirect costs and expenses. Under the initiative, the principal and interest on the borrowed money would be paid out of the state budget without raising taxes, and the borrowed money and interest would be excluded from the state's spending limit.
In May 2018, the Colorado State Legislature passed Senate Bill 1, which dictated that, if a citizen initiative to approve a bond issue for transportation is not passed in November 2018, a bond issue would be referred to the November 2019 ballot.
Another competing measure (which is still under signature review) would authorize bonds for transportation projects and a tax increase to repay the debt. SB 1 also dictated different funding allocation provisions depending on whether a citizen initiative bond issue is passed in 2018 and whether or not the initiative includes a tax increase.
Jon Caldara and Mike Krause of the Independence Institute filed this initiative. The Independence Institute provided all but $100 of the contributions to the Fix Our Damn Roads committee, which reported contribution totals of $411k.
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