In a recent meeting of the Riverside Council of Governments (WRCOG), discussions centered around a significant request for bond authorization aimed at enhancing energy efficiency and water conservation efforts in the region. The proposal, which was brought forth by Greenworks Lending LLC, sought to increase the bond budget to $1 billion to support the Property Assessed Clean Energy (PACE) program, which benefits both residential and commercial properties.

The request was prompted by a development project in Temecula that expressed interest in utilizing the PACE program. However, local officials noted that the current budget was insufficient to meet the anticipated demand for funding. Despite the urgency of the request, council members opted to postpone a decision, citing the need for more detailed information before committing to such a substantial increase in the bond allocation.

City officials, including members of the ad hoc committee, encouraged stakeholders to reach out with questions and assured that further information would be available on the city’s website shortly. The discussions reflect ongoing efforts to bolster sustainability initiatives within the region, although the council remains cautious about financial commitments without comprehensive data.