The Colorado Transportation Investment Office (CTIO) Board of Directors convened on September 17, 2025, to discuss critical amendments to the fiscal year 2025-26 budget and ongoing transportation projects. The meeting highlighted significant updates regarding budget adjustments and the implementation of new transportation initiatives.

One of the primary topics was the first amendment to the annual budget, which was initially approved in March. The board recognized the need to amend certain assumptions, particularly concerning the costs associated with the GES connector micro transit service. This adjustment ensures that the estimated expenses are accurately reflected in the budget.

Additionally, the board addressed the capital replacement of tolling equipment on segments 2 and 3 of the I-70 corridor. The transition from older tolling systems to a new dynamic tolling capable system, known as NGLTS, is crucial for enhancing operational efficiency. The board had previously approved funding for this replacement in 2023, but execution was delayed due to vendor negotiations. The revised budget now includes updated figures for this essential project.

Another significant discussion point was related to the mountain rail project and the implementation of Senate Bill 184. The board noted a substantial increase in costs for technical and legal support necessary for negotiations with BNSF Railway regarding joint service agreements. The CTIO is currently engaged in discussions to share these costs with other partners involved in the project, emphasizing the collaborative approach to managing financial responsibilities.

The meeting also touched on the sales tax processing costs associated with the sale of transponders, which are required for tolling operations. The board clarified that these costs are not new but are essential for compliance with tax regulations. As the CTIO transitions to its own back office system, there is potential for changes in these costs, which could lead to increased efficiencies.

In conclusion, the CTIO Board's discussions underscored the importance of budget amendments and collaborative efforts in advancing Colorado's transportation infrastructure. The board is actively working to ensure that all financial aspects are managed effectively as they move forward with critical projects.