Colorado business groups will push for tax hike for roads |

Colorado business groups will push for tax hike for roads

DENVER (AP) — Colorado voters will likely be asked this fall to raise sales taxes to pay for transportation projects.

A coalition of business groups on Friday announced it will gather signatures to put a measure on the ballot.

The proposal would raise sales taxes by .62 percent to pay off $6 billion in transportation bonds. With interest, they would cost taxpayers $9.4 billion over 20 years.

Voters will have other options to choose from.

One measure offered for this November’s ballot by the conservative Independence Institute would borrow $3.5 billion for roads without new taxes.

Another plan referred by the state Legislature will appear on the 2019 ballot if the others aren’t approved. It would borrow $2.34 billion without new taxes.

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