Traditionally conservative voters in Colorado Springs and El Paso Counties approved a new initiative to help solve local transportation problems. The voters approved--55% to 45%--a 1% tax which will be implemented beginning Jan. 1, 2005. It is expected that this sales tax will generate $60-70 million annually for voter approved transportation projects and activities.
The voter-approved Pikes Peak Rural Transportation Authority will help decrease roadway congestion, rebuild failing bridges, maintain roadways to ensure safe travel, improve traffic light timing and improve bus service.
The allocation of revenues will be as follows:
Roadway Capital Improvements:
55% of the revenue; 72 projects were specified on the ballot; a separate RTA Board will decide annual funding and timing for projects; this portion sunsets after 10 years.
Maintenance Projects:
35% of the revenue; distributed based on population throughout the region; city and county decide which projects are done each year; does not sunset.
Transit Activities:
10% of revenue; funds will be used to improve local bus service allowing it to go more places more frequently; does not sunset.
