Growing Returns

Selected tag(s): sports betting

This creative tax is a good bet for Colorado’s water future. Here’s why.

Here’s a pop quiz: What are two finite resources in the West?

If you answered money and water, you win. This is especially true when it comes to money for water in the state of Colorado, where hurdles for raising new funds are particularly high.

It’s a rare opportunity when new money bubbles up for water projects in the Centennial State. But that is exactly what is happening as a result of a bill approved this week with strong bipartisan support in the Legislature.

The bill, HB 1327, proposes to raise new money to protect and conserve water in Colorado by legalizing sports betting and imposing a 10% tax on its revenue. But legislative approval isn’t the final play. State legislators are handing off the measure to voters for a final decision at the ballot box this fall. Read More »

Posted in western water / Also tagged , | Read 1 Response