The Board of Supervisors urged the state to create a public banking charter on Tuesday, its first formal show of support for a movement to break from Wall Street. Supervisors unanimously co-sponsored and approved a resolution that backs publicly-owned bank and called for state legislators to allow local jurisdictions like San Francisco to proceed. Supervisor […]
On Monday, February 4, ten activists from the California Public Banking Alliance went to Sacramento to attend a hearing on public banking, convened by Assembly Member Monique Limón (chair of the Assembly Banking and Finance Committee) and Assembly Member Cecelia Aguiar Curry (chair of the Assembly Local Government Committee). Before the hearing, we had several […]
Response to California Cannabis Public Bank Feasibility Study California Public Banking Alliance info@calpba.org January 15, 2019 VIA EMAIL AND U.S. MAIL State Treasurer Fiona Ma, CPA 915 Capitol Mall, Suite 110 Sacramento, CA 95814 Dear Treasurer Ma, We write in response to the publication of “State-backed Financial Institution (Public Bank) for the State of California […]
Cal Matters – By Felicia Mello and Ben Christopher. Once an idea batted around mostly in Occupy Wall Street circles, public banking is attracting a surge of interest among policymakers in several states, including California. “We must break Wall Street’s chokehold on state finance and develop our own state bank,” Gov.-elect Gavin Newsom said on […]
On November 6, responsible and sustainable economics was on the ballot in Los Angeles in the form of Measure B. Measure B was arguably one of the most important midterm ballot items in the country. For the first time in ninety-nine years, voters had the opportunity to approve by referendum a measure in support of […]
Public Banking Institute – Although LA’s Measure B did not pass, the effort generated massive awareness and support in a few brief months. The California Public Banking Alliance is now using that momentum in their work toward statewide legislation that will enable cities and regions to establish public banks. Public Bank LA, part of CPBA, […]
FOR IMMEDIATE RELEASE November 21, 2018 Media Contact Sylvia Chi info@calpba.org 415-946-4002 Public Banking Proponents See Victory in Outcome of Measure B Vote (Los Angeles) Although Measure B, which proposed amending the Los Angeles City Charter to authorize the city to establish a municipal financial institution, was defeated on November 6, public banking advocates, united […]
The Next System Project – This week on the Next System Podcast David Jette from Public Bank LA and Juleon Robinson from the New Economy Project, a member of Public Bank NYC, a broad-based coalition of community, worker rights, economic justice, and environmental groups to sit down to discuss the transformative potential of public banks. […]
Occupy – By Trinity Tran and Chris Roth. Leading the nation on progressive policies is what we do as Angelenos. From setting the boldest mass transit and electric vehicle targets in the nation to divesting the city’s funds from Wells Fargo, Los Angeles is not only the tip of the spear of the West Coast […]
Los Angeles Times – By Harold Meyerson. With all that’s at stake in the midterm elections, Los Angeles voters would be forgiven for overlooking Charter Amendment B, a referendum that would amend the city charter to conform with an ordinance the City Council enacted earlier this year. But Charter Amendment B is no municipal snoozer. […]