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Money For Road Projects At Stake In Amendment 52
Supporters Say It's Good Investment; Opponents Say Other Projects Will Pay Price
POSTED: 8:53 pm MDT October 9,
2008
UPDATED: 11:14 pm MDT October 9,
2008
DENVER -- The condition of the roadways in Colorado has always been an issue.Amendment 52 would allow more money to go toward road projects by allocating more severance tax money to transportation."It's a smart solution to enhance our transportation revenues," supporter Frank McNulty told 7News.
"It is bad fiscal policy, and it doesn't belong in our state constitution," said opponent Heidi Van Huysen. "Severance tax" is tax that the state collects from companies that take natural resources such as oil and natural gas from under the ground. If Amendment 52 passes, some of that money would go to road and other transportation projects.Opponents believe some of the money will be taken from other projects."Amendment 52 is robbing Peter to pay Paul,” Van Huysen told 7News. “Very important programs will have major impact and cuts, and certain programs will be eliminated if it's passed. It turns transportation funding into pork for politicians, and it puts a budget formula in the state's constitution."Supporters said Amendment 52 will not cut other programs."Amendment 52 is a unique opportunity that allows us to invest surplus severance tax revenues into our roads and bridges," said McNulty.To read more about what the opponents of Amendment 52 have to say, check out ResponsibleColorado.com. To read more about what supporters have to say about Amendment 52, go to to BetterRoadsnow.com.What are your thoughts on Amendment 52? Join our online forum on this issue.
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