Monterey County, CA. Photo by Darpan Dodiya.
Asaf Shalev reports in the Monterey County Weekly that a growing number of elected leaders on the Central Coast are taking steps toward establishing a public bank for the region. On Feb. 11, the Santa Cruz County Board of Supervisors voted to reach out to nearby jurisdictions to collaborate on a viability study, the first step in the creation of a public bank. Letters were sent to Monterey, Santa Clara, San Luis Obispo, San Benito and Santa Barbara counties and to the cities of Seaside, Monterey, San Luis Obispo, Watsonville, Scotts Valley, Santa Cruz and Capitola.
Seaside City Councilmember Jon Wizard says public banking is a “phenomenal opportunity” and a “no-brainer.” Monterey City Councilmember Tyller Williamson concurs with him, “This is the right direction for our region to take.” Local advocates with People for Public Banking Santa Cruz are working with elected officials in the region to continue building support and momentum.