The plan would spend $2 million a year (for five years) on sweeping bike lanes six times per year. (Photo: Jonathan Maus/BikePortland)
It’s been a roller-coaster week for the Portland Bureau of Transportation (PBOT). On Tuesday they announced controversial plans to remove a new bike lane, and on Wednesday we learned a judge ruled against them in a lawsuit that could expose the city to major liability for not complying with the Oregon Bike Bill.
But also yesterday there was very, very good news: City Commissioner Carmen Rubio announced a plan that would inject $112 million into PBOT as part of $540 million in unanticipated revenue from the city’s Clean Energy Surcharge (CES), a 1% tax on retail gross revenue earned within Portland on tax filers with a total gross income of $1 billion or more, and a Portland gross income of $500,000 or more. The CES is the revenue source for the Portland Clean Energy Fund (which Rubio oversees as commissioner-in-charge of the Bureau of Planning & Sustainability) which was created to fund projects and programs that help low-income and people of color fight climate change.
The funds pegged for PBOT would be spread over five years and would be used to: buy new streetcars, sweep bike lanes, build small bike/walk/transit projects, continue community programs like Safe Routes to School and Sunday Parkways, and purchase LED streetlights. This funding would be in addition to the $20 million PBOT received from the PCEF Capital Investment Plan passed by City Council in September.
The largesse is possible because forecasted revenue from the CES is expected to be $540 million over initial estimates. The City Budget Office chalked up the higher forecast to a strong retail sales growth trend, weakening inflation, and more e-commerce sales which tend to be concentrated in corporations that pay the tax.