Portland is currently experiencing a heat wave with warm temperatures ahead, while city leaders discuss the use of the Portland Clean Energy Fund (PCEF). The fund, generated from a sales tax on large retailers, has exceeded revenue expectations, prompting proposals to use it for other budget needs, notably in parks funding. Councilor Mitch Green suggests a short-term loan from unspent PCEF funds to support the Parks Bureau amid potential cuts next year. Additionally, a significant health merger between OHSU and Legacy Health has been halted after both sides re-evaluated their circumstances.
"The fundâwhich uses a 1 percent sales tax on large retailers to pay for clean energy projects and climate-oriented programsâhas raked in much more money than initially expected."
"Councilor Mitch Green is proposing the loan as a way to reduce cuts to the Parks Bureau without permanently taking funds away from PCEF."
Collection
[
|
...
]