(Bloomberg) -- Colorado voters rejected both major transportation funding bond measures on the ballot Tuesday, taking billions of dollars of potential funding off the table
Proposition 109 would've authorized the state to sell up to $3.5 billion in bonds without raising taxes to fund road, bridge, and tunnel projects, and proposition 110 would have approved up to $6 billion in bond sales to fund road and transit projects and raised sales taxes.
Proposition 109 was losing 61 percent to 39 percent, while Proposition 110 was losing 60 percent to 40 percent with three quarters of the precincts reporting, according to the Associated Press.
To contact the reporter on this story: William Green in New York at wgreen35@bloomberg.net
To contact the editors responsible for this story: James Crombie at jcrombie8@bloomberg.net, Michael B. Marois
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