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Portland Clean Energy Fund spends millions

Posted on AllSides March 18th, 2024
From The Left

A Portland tax that bankrolls clean energy projects is raising four times as much money as originally expected, sparking debate over what to do with the extra cash. Why it matters: Voters in 2018 approved the Portland Clean Energy Fund (PCEF), a tax on roughly 500 corporations, to pay mainly for nonprofit environmental justice projects like insulating and cooling low-income homes. • Now, with the tax expected to bring in $200 million per year instead of only $40 million to $60 million, city officials are considering whether to use the...

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