Increase in gas and delivery fees to fund new $5.4 billion transportation bill

DENVER, Colo. (KRDO) -- Governor Jared Polis signed a new transportation bill Thursday, and with it comes a new gas tax.

The bill is set to create new sources of dedicated funding for planning, development, construction, maintenance, and supervision of sustainable transportation. Along with improving existing transportation infrastructure and creating modern infrastructure designed for electric vehicles.

To raise the $5.4 billion needed to fund SB21-260, gas and diesel will cost two cents more starting 2022. The cost will gradually increase to eight cents by 2028.

In addition to the gas prices, a 27 cent fee will also be added to non-postal deliveries, restaurant deliveries, and ride-sharing services like Lyft and Uber.

The head of the House Transportation Committee, who's from Colorado Springs, says that voters made it clear they wanted lawmakers to pass the bill.

Coloradans will be getting a discount on vehicle registration fees for the next two years.

For more information on the SB21-260, click here.