In my board packets and binders using colored paper for separation of topics makes it easy for the board members to refer to the same information: for example 'in the green section is the financial reports...."
Primarily this paper is used for lecture notes and personal information that I don't want photocopied. I also use this alternate color paper as a divider between sections in "tool kits" I distribute. All paper is expensive these days and colored paper seems to have increased at a greater rate than white paper. I would use a lesser quality paper if available.