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Published in the City Club of Portland Bulletin, Vol. 101, No. 1, Aug. 21, 2018

This ballot measure, herein called the Portland Clean Energy Fund (PCEF), would impose a new 1% surcharge on revenue for retail corporations that make over $1 billion in annual national sales and $500,000 in annual Portland sales. (Groceries, medicine, and medical services would be exempt.) As a result, the fee would only affect the largest corporate retail chains in the country while generating revenues for in-city renewable energy and job creation. It is estimated that approximately 120 firms would be affected, though exact numbers are unavailable.

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