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Bipartisan legislation sponsored by Senator Dylan Roberts (D-Frisco), if passed into law, would refer a ballot measure to Colorado voters to allow the state to keep and spend additional sports betting tax revenue on water conservation projects. The bill cleared the Senate Finance Committee this past Thursday.
“Water is Colorado’s most precious natural resource, because it powers everything we do, from agriculture to our outdoor recreation economy, which is why I am fighting tooth and nail to secure our state’s water future,” said Roberts.
HB24-1436, cosponsored by Senator Cleave Simpson (R-Alamosa), would refer a ballot measure to Colorado voters to allow revenue above the $29 million cap on sports betting revenue established in 2019 by Proposition DD to be transferred to the Water Plan Implementation Cash Fund. This cash fund would be used to support water projects across the state, including water storage and supply, agricultural projects, and watershed health and recreation projects.
“This bill will give Colorado voters an opportunity to join in the fight and allow sports betting revenue to fund critical water projects that will benefit communities across our state,” adds Roberts. “I am proud to be working on this bipartisan legislation that will help protect our precious water resources and our Colorado way of life.”
The bill will now move to further consideration before the full Senate. Track the bill’s progress here.
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