A coalition of environmental and sportsmen groups today hailed passage of Colorado Proposition DD to help conserve and protect the state’s rivers and streams and drinking water. The coalition – which includes Conservation Colorado, Environmental Defense Fund, Trout Unlimited, Western Resource Advocates, American Rivers, Business for Water Stewardship, and the Colorado Water Trust issued the following joint statement:
“Passage of Proposition DD is a big win for Colorado and the quality of life we enjoy here. Taxing the revenue from legalized sports betting will create a dedicated down payment to help ensure that Colorado has healthy rivers and enough water for all. Still, it’s important to remember that this is just the first step toward addressing the growing gap between the water we have and the water we need.
“Four years ago, Coloradans came together to create Colorado’s Water Plan to protect all the things we love about our Colorado way of life – from healthy flowing rivers, to farming and ranching, and even beer. Our rivers contribute over $9 billion annually to the state’s economy, yet Colorado has not lined up adequate funding for the plan, despite overwhelming bipartisan support from across the state.
“Proposition DD will help generate a much-needed revenue stream to improve wildlife habitat, protect our agricultural heritage and the open spaces that come with it, and strengthen our economy. But the plan estimates the total need to be $100 million a year for the next 30 years, and we must keep working to ensure Colorado fully funds our water future.”
Proposition DD places a 10 percent tax on casinos’ profits from sports wagers, up to $29 million annually, and the majority of the revenue raised will go to implementing Colorado’s Water Plan. The annual funding is expected to be between $10 million and $15 million annually in the first few years.