How Portland is spending its tax on billion-dollar companies

On a former landfill in Portland, Oregon, workers are installing hundreds of solar panels in a community solar project that will help people living nearby save on their electric bills. The new solar farm was funded by an unusual source: the city’s pioneering tax on billion-dollar corporations, which was enacted in November 2018 and has raised more than $1.7 billion to fund hundreds of climate-related projects. The first-of-its-kind program, created through a citizen-led ballot measure, charge...