California Public Banking Alliance forms to create a specialized Public Bank charter CA cities could use

California Public Banking Alliance

 

Six local Public Bank grassroots groups came together in San Francisco Saturday June 9 for the first statewide meeting of the newly formed California Public Bank Alliance to advocate for municipal and regional Public Banks. A key goal of the Alliance is to get a bill creating a specific Public Bank charter through the CA state legislature by September 2019. This charter would enable cities or regions to use a specific Public Bank license to create Public Banks. It would also set out some basic values for public control of public money.

Advocates from Los Angeles, Santa Cruz, Santa Rosa, peninsula/south bay, Oakland and San Francisco participated in the meeting. Groups from Eureka and Santa Barbara are part of the Alliance but were not represented at this initial meeting.

To connect and find out more go to californiapublicbankingalliance.org.

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