Public Bank LA

@publicbankla.bsky.social

The People's Bank. Banking for people & planet. Established two laws in California. Measure B supported by 430K Angelenos. 🌳🏦 publicbankla.org

Coalition leads Move LA were proud to table at Culver City Pride, connecting with community members on Public Bank LA as a pathway to reroute public dollars back to Main Street, not Wall Street! Big shoutout to Lady Bushra for stopping by our booth and talking public banking with us. ❤️‍🔥

BildBildBildBild

BIG! California’s State Bank Act #AB2243 cleared its 2nd Assembly committee & moving through the Legislature. CA sends billions to Wall Street in interest while communities fight for housing, infrastructure & investment. This bill starts changing that. www.theobserver.media/california/c...

Lawmakers Launch AB 2243 To Study A California Public Bank

CA lawmakers unveil AB 2243 to explore a publicly owned state bank, aiming to keep public funds local and support housing, infrastructure, climate and more.

theobserver.media

Motion passes! The LA Charter Reform Commission approved a clarification aligning the City Charter with state law, the California Public Banking Act (AB 857), so LA has a path to pursue a public bank if it chooses. Thanks to Chair Raymond Meza & Commissioner Carla Fuentes.

BildBild

Full house at the LA public banking listening session! Community members shared barriers to accessing capital & how a public bank could support housing, small biz. Councilmember Jurado & Michael Tubbs spoke on economic inequality. Photos + video soon!

BildBild

“...The question isn’t just is there enough money,” Tran said. “...who decides where our common dollars go today, how they’re used, and whether they stay in communities and benefit our localities, or... keep getting signed out to private institutions...” #CreatePublicBanksNow! #It'sOurMoney!

Public banking movement gains momentum in Sacramento - The Sacramento Observer

Discover the growing public banking movement in California and how it could transform communities by reinvesting funds locally for affordable housing and climate resilience.

sacobserver.com

The LA County Democratic Party, representing 3 million+ registered Dems, endorses the LA Public Bank! LACDP backs a city-owned public bank to manage city funds, partner with local lenders, finance housing & infrastructure.

Bild