Ritter unveils billion-dollar transportation budget

Gov. Bill Ritter on Monday unveiled a proposed $1.03 billion state transportation budget for fiscal-year 2010-11. (Denver Business Journal)

The spending plan for the Colorado Department of Transportation represents a 6 percent increase from the $973.5 million 2009 budget, but it’s much smaller than the $1.5 billion transportation budget in fiscal 2008.

The budget makes use of the “FASTER” bill that Ritter signed into law in March. That measure is designed to be phased in over three years and will raise funds for repair of Colorado roads and bridges through hiking various fees.

Read the full story at denver.bizjournals.com.