Denver, CO - It seems like just yesterday my family was unpacking the POD. It is hard to believe it has been 8 months since our move to the beautiful Rocky Mountains. We have experienced so much in a short amount of time, and I wanted to say thank you to all who have made us feel so welcome.
It is my pleasure to write to you today to give you an update on the many exciting changes that are happening in the Rocky Mountain Chapter. There are many reasons members join an organization. ABC is not unlike any other organization; some join for our political and legislative representation, and some join because of the world class safety and education sessions. Many belong because of the networking and business development opportunities we provide, while others join because our strength in numbers allows them to save money on our business partnerships with companies like Verizon, FedEx, GM. You are also probably familiar with the saying, “you only get out of it what you put into it.”
ABC is refocusing our efforts to create the conditions to expand on all these opportunities. More specifically, the Rocky Mountain Chapter is developing Regional Leadership Councils in Denver, Northern Colorado, Southern Colorado, Western Colorado, and Wyoming.
The Regional Leadership Councils are comprised of members with the purpose of serving the membership at the local level, engaging members and providing value. Many of the councils will have a Workforce Development (Education) Committee, a Governmental Affairs Committee and a Membership Committee. ABC will also continue develop our strong Young Professionals (YP) Committee to work with all the councils.
All of this requires a re-alignment of ABC staff to service the leadership councils and corresponding committees. Brett Denison will lead the charge in Southern and Western Colorado. Sydney Sachs will continue to lead the YP Committee and will eventually lead the Northern Colorado Council. Kim Grosel will continue to head up our education efforts and expand opportunities in Wyoming. Joanna Johnson and I will focus on Denver and our major functions and events, such as Excellence in Construction Awards.
The focus of the new structure is to engage more members to get involved, gain value from their membership and give back to the industry. I love the quote, ‘LEADERSHIP IS THE AUTHENTIC EXPRESSION OF WHO YOU ARE IN SUCH A WAY THAT CREATES THE CONDITIONS FOR OTHERS TO ACHIEVE’. The councils provide us a way to move our industry forward. ABC wants you to get more involved in your industry. Please consider serving on a committee, task force or council. Email me at email@example.com or ask any staff member how you can get involved.
Defending the Merit Shop,
President & CEO
Walker Stapleton For Colorado Governor
George Brauchler For Attorney General of Colorado
Scott Tipton For 3rd District Congressman
Doug Lamborn For 5th District Congressman
Ken Buck For 4th District Congressman
Mike Coffman For 6th District Congressman
Proposition 110 Fund transportation for future economic development
Proposition Y Create the Independent Congressional Redistricting Commission
Proposition Z Replace the Colorado Reapportionment Commission with the Independent Legislative Redistricting Commission
Amendment 73 Increase state personal and corporate income tax
Proposition 112 Require specified distances for new oil and natural gas developments from certain existing areas
Amendment 74 Require compensation for property owner if a law or regulation reduces their property’s fair market
Amendment 75 Increase campaign contribution limits
Proposition 109 Fund transportation infrastructure
Proposition 111 Reduce total cost for a payday loan
ABC Supports the Following Initiatives:
Proposition 110, a proposed statutory change supported by “Let’s Go, Colorado,” will increase the state sales tax by .62%, from 2.9% to 3.52%, to raise an estimated $767 million in first year revenue to address longstanding problems with funding transportation projects. The measure sunsets after 20 years. The revenue will be distributed as follows:
Amendment Y, a constitutional amendment to:
Amendment Z, a constitutional amendment to:
ABC Opposes the Following Initiatives:
Amendment 73, a proposed constitutional and statutory change, will raise $1.6 billion a year in additional revenue for Colorado’s public schools. Revenue will be deposited in the Quality Public Education Fund, a new, dedicated state education fund that will allocate revenue to every Colorado school district.
The measure creates an exception to the current law requirement that any new income tax law change require taxable net income to be taxed at a single rate. Specifically, the measure allows multiple tax rates to apply to individuals, trusts, estates, and corporations if the tax increase is approved by voters for the funding of P-12 public education. The measure then increases state personal income tax rates on federal taxable income by the following graduated rates, beginning in tax year 2019:
S Corps are not impacted by the corporate tax.
For property taxes levied by school districts, Amendment 73 would set the assessment rate at 7.0 percent for residential properties and decrease the assessment rate to 24.0 percent for most nonresidential properties.
Amendment 73 will:
Proposition 112, a proposed statutory change supported by “Colorado Rising,” will require that new oil and natural gas development be located at least 2,500 feet from occupied structures, water sources, and areas designated as vulnerable.
ABC is Neutral on the Following Initiatives:
Amendment 74, a proposed constitutional change, will require the state or a local government to compensate a property owner if a law or regulation reduces the fair market value of his or her property.
The measure will increase state and local expenditures to compensate private property owners as a result of regulatory or legislative action.
Amendment 75, a proposed constitutional amendment, increases campaign contribution limits by allowing all candidates in the same election to collect five times the level of individual contributions currently authorized in the state constitution if at least one candidate in the race:
Proposition 109, known as “Fix Our Damn Roads,” is a proposed statutory change, will fund transportation infrastructure without raising taxes and fees. It requires the state government to issue up to $3.5 billion in Transportation Revenue Anticipation Notes (TRANs), which are government bonds issued to raise funds specifically for transportation and to fund up to 66 specific highway projects. The terms of the TRANs must be such that the total of all payments, including principal and interest payments, does not exceed $5.2 billion, and all payments must be made within 20 years. The Colorado General Assembly will be responsible for allocating repayment money from the state budget for this purpose.
The money raised by issuing the TRANs is restricted, so it can only be used for specific projects consisting of road and bridge expansion, construction, maintenance, and repair. This does not include transit, administration, or indirect costs and expenses. The measure specifically prohibits the Executive Branch from using bond proceeds for other projects.
By issuing TRANs, the state can receive accelerated funding to enact comprehensive transportation infrastructure construction and repairs.
A map of projects that can receive funding under Proposition 109 can be found here: http://fixourdamnroads.com/wp-content/uploads/FODR_One_Pager_h.pdf.
Proposition 111, a proposed statutory change, will reduce the total cost for a payday loan to 36 percent annual percentage rate and expand what constitutes unfair or deceptive trade practices for payday lending.