Our allies at the Friends of the Public Bank of Oakland gave us this update. Call to action next Monday and Tuesday:
The public banking feasibility study commissioned by the City of Oakland was released to the City Council and the public last week. Unfortunately, the study does not address many key issues related to public banking. Thus, the City staff, the City Council, and the public aren’t getting the full picture of the strengths a public bank will provide.
At this point, a massive outpouring of public support is critical. Here's what you can do:
Come to City Hall! We need as many constituents and advocates as possible to attend the City Council's finance committee meeting on Tuesday, September 11 at 9:30am PT. Friends of the Public Bank of Oakland will have PBO t-shirts available and signs to hold up. More details here.
Come to the FPBO planning meeting on Monday, Sept. 10 at 5:30pm - 7:00pm PT at Xolo, a restaurant at 1916 Telegraph Ave, Oakland. More details here.
Call City Council, especially the finance committee members. Find phone numbers here. (Asterisked names are finance committee members.)
Here's the message: say that you support establishing the Public Bank of Oakland and you want to see the business plan RFP issued as soon as possible.
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