Voters have rejected a $6 billion bond measure and sales tax increase meant to provide funding to various transportation projects in Colorado. Proposition 110 only has 39 percent of the vote at last check.
The project would have cost the state a minimum of $9.4 billion, after principal and interest were repaid.
Prop 110 was a sister measure in many ways to Prop 109. Both include bond measures to fund transportation projects, but Prop 110 paid for itself, while Prop 109 would either increase the state’s debt or force lawmakers to cut other programs. Prop 110 bonds would have been paid by increasing the state sales tax. Prop 109 would have the state take on $3.5 billion in debt for 66 specific transportation projects without any source of revenue to pay the project back.
Proposition 109 has also failed.
