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PCEF staff show $1.6B plan, $515M still committed but not contracted; councilors press for clearer fund balance and contracting detail
Summary
Portland — City staff told the Portland City Council on Oct. 30 that the Climate Investment Plan totals about $1.6 billion over five years and that about $515 million of that total is committed in the plan but not yet contracted or encumbered.
Portland — City staff told the Portland City Council on Oct. 30 that the Climate Investment Plan totals about $1.6 billion over five years and that portions of that total remain allocated but not yet contracted or encumbered.
The numbers staff presented: actual spending through fiscal year 2024–25 totaled about $146 million; the current fiscal year is budgeted at roughly $340 million; the city has approximately $170 million in encumbrances and about $479 million under contract;…
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