CDOT tells TLRC revenues total about $2.2 billion but HTTF flexibility will shrink as new fees phase in

Summary

CDOT officials told the Transportation Legislation Review Committee that total transportation revenues this fiscal year are roughly $2.2 billion, but new fee-based revenues are increasingly narrow in use, leaving the Highway User Trust Fund (HUTF) as the department’s primary flexible money and forecast to slow growth in coming years.

Colorado Department of Transportation officials told the Transportation Legislation Review Committee on the first day of interim meetings that total revenues across CDOT and its five enterprises are expected to be about $2.2 billion this fiscal year and that the state’s shift toward fee‑funded enterprises has increased non‑fungibility of funds. Jeff Sudmeier, CDOT chief financial officer, said roughly 25% of revenues flow through the enterprises — including the Colorado Transportation Investment Office (CTIO) and the Bridge and Tunnel Enterprise — and that those enterprise revenues are statutorily limited to narrowly prescribed purposes.

Sudmeier said three recent legislative measures have materially altered the department’s near‑term fiscal outlook. He described reductions and structural changes to previously expected general‑fund transfers (spoken in the…

CDOT tells TLRC revenues total about $2.2 billion but HTTF flexibility will shrink as new fees phase in

Summary

Subscribe to keep reading