(Dec. 14) – Rep. Max Tyler (D-Lakewood) applauded Gov. John Hickenlooper’s announcement today that the Colorado Department of Transportation was overhauling its budgeting process for multiyear projects.
At a Colorado Press Association event today, the governor announced that CDOT will now fund multiyear projects on a year-to-year basis. In the past, CDOT would not start a project until all the money to complete it was on hand. This budgeting practice kept major projects on the shelf and meant that nearly $1 billion was sitting in the bank.
Rep. Tyler met with the governor and the CDOT director, Don Hunt, in October to encourage CDOT to find ways to speed up its budgeting of projects.
The governor said today the change would free up $300 million.
“Now we’ll get better roads and bridges sooner, and we’ll put more Coloradans to work,” Rep. Tyler, the new chairman of the House Transportation & Energy Committee, said after the governor’s announcement. “This change is just what we need.”