Colorado lawmakers strike deal on transportation funding
DENVER (AP) — Top Colorado lawmakers say they have struck a deal on transportation funding.
Republican Senate President Kevin Grantham and Democratic House Speaker Crisanta Duran announced the deal on Monday — two days before the 2018 legislative session ends.
They say their compromise would ask Colorado voters in 2019 to borrow $2.34 billion for transportation projects.
Bonds issued to borrow that money would cost the state up to $3.25 billion, including interest, over 20 years. That's $1.75 billion less than the GOP-led Senate approved in a bill earlier this year.
House Democrats argued that committing that much to transportation bonds would cause cuts to education.