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City report warns ‘HR 1 / Big Beautiful Bell’ could cut federal grant funding and tax incentives, officials say
Summary
City staff told the committee that federal law referenced as HR 1 or 'Big Beautiful Bell' has altered key tax and grant programs and may eliminate or reduce federal awards, potentially costing the city and port hundreds of millions; staff said appeals to the U.S. Department of Energy are underway.
City staff presented a report Feb. 3 that outlined how a newly referenced federal law — described in the presentation as HR 1 or the 'Big Beautiful Bell' — has changed tax and grant provisions and may affect city programs and funding.
Eva Gerard and Camila Font, who introduced the report to the committee, said HR 1 had been enacted in 2025 and made 'significant' changes to labor law and tax provisions, altered grant programs and rescinded some incentives for infrastructure and clean-energy projects. The presenters told the committee the…
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