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Committee unanimously refers ordinance to allow transfer of ~$18.7 million interest from Portland Clean Energy Fund to current budget year
Summary
The committee voted 5-0 to refer a code amendment aligning the Portland Clean Energy Fund code with recent budget decisions, allowing transfer of about $18.7 million in FY23–24 interest into the current fiscal year for use as budgeted.
The Finance Committee unanimously voted Jan. 12 to refer to City Council an ordinance amending the Portland Clean Energy Community Benefits Code to allow the transfer and expenditure of interest accrued in fiscal year 2023–24 in the current fiscal year.
Eric Engstrom, director of the Bureau of Planning and Sustainability, told the committee the amendment follows council budget actions taken last spring and is…
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