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!
“...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!
LA budget season is here! Public Bank LA coalition joined Councilmember Hernandez, @controller.lacity.gov & community leaders to demand a 2026 People’s Budget: immigration services, care-first investments & funding the public bank plan.
Public dollars for public good 🤝
Incredible turnout and a full house with nearly 200 attendees for Sacramento's first community town hall on public banking!
Stay tuned for additional photos, recording and event wrap-up!
Calling all Sacramento friends and allies! On Tuesday, January 27th, join us for Sacramento's first public banking community town hall!
Doors open at 5:30pm. Live music, light refreshments & community tabling. Panel Starts at 6:30PM.
RSVP below!
www.eventbrite.com/e/town-hall-...
People from 39 states, plus supporters tuning in from around the world, joined our Public Banking Coast to Coast webinar!
Senator Elizabeth Warren talked about how public banks can provide low-cost lending for housing and infrastructure, create jobs & strengthen our communities.
Special thanks to our Public Banking panelists who broke down the impact & what’s ahead: Trinity Tran @trinitytran.bsky.social, Dey Del Rio @neweconomyproject.bsky.social, Dr. @terrifriedline.bsky.social, Linda Levy, Rei Fielder & moderator David Cobb, @democracycollab.bsky.social
TOMORROW! Join us for a powerful convo w/ movement leaders from CA, NY & MA! With federal volatility, now's the moment to create city & state banks to recapture billions of public dollars siphoned out of our communities & reinvest them into public good. bit.ly/PBC2C
As federal funding for states shrink, people are taking back control, building public banks owned by communities.
Join a national conversation with movement leaders + Senator Elizabeth Warren to reclaim local funds for housing, climate & more!
Nov 19, 12 PM PT/3PM ET
bit.ly/PBC2C
Los Angeles City Council President Harris-Dawson joined six colleagues to fund LA’s Public Bank Plan.👏 We need real solutions on the table to cut borrowing costs & Wall St fees; invest in affordable housing. Let’s put millions back to work for LA communities. 🏦♻️🏡
This comes one day after massive disruptions to BART, including a 4-hour systemwide shutdown. A state public bank that's not solely controlled by the Governor's office sounds like a pretty good idea around now.
capublicbanking.com/california-n...
🚨 California Needs a State Public Bank!
Federal cuts are slashing housing, climate & small biz programs. Nearly 40M Californians impacted! A State Bank keeps our money working in CA, lowering costs, protecting funds & expanding credit. Read our latest: bit.ly/CApublicbank
Coalition leaders @acceaction.bsky.social & allies at City Hall urging Councilmembers Yaroslavsky & Padilla: agendize the public bank motion and direct CAO to close the funding gap. Every week of delay is capital our communities don’t see--keep LA dollars here for housing, small biz, clean energy.
New brief out now! “Public Banking in California: Learning from the Bank of North Dakota” breaks down how a century-old public bank helped ND support small biz, housing & weather economic downturns... and what CA can do better.
Read: poverty.umich.edu/publications...
Should LA start a public bank? Councilmember Eunisses Hernandez says yes & we agree! A public bank means local control, no new taxes, and real investment in housing, small biz & green jobs. It's time our money worked for Angelenos, not Wall Street shareholders.
Backed by four council offices, the public bank plan will explore how the city can cut Wall Street fees, lower borrowing costs & invest in community needs. With $1.4B in annual debt costs, it's time!
labusinessjournal.com/finance/lead...
California just approved $1M in funding to keep #CalAccount moving forward, bringing no-fee, state-backed accounts to millions sidelined by the financial system! No overdraft fees or junk charges. Just real access for working families.
Today we took another step towards implementing a fee-free public option for basic financial transactions for all Californians!
🚨BREAKING: California State Budget includes $1M for CalAccount! The Legislature will move forward with implementing a first-in-the-nation fee-free public banking option for millions of unbanked & underbanked Californians.
seiuca.org/press-releas...
Join us to explore new research at the intersection of the #PublicBanking and #GuaranteedIncome movements—with Rep. Rashida Tlaib, @terrifriedline.bsky.social, @amycastro.bsky.social, @trinitytran.bsky.social, @grahamsteele.bsky.social & @darrickhamilton.bsky.social.
RSVP: bit.ly/PublicBankingandGI
At @demosorg.bsky.social D.C. convening, CPBA’s @trinitytran.bsky.social & @sylviachi.bsky.social shared wins + what’s next for CA’s public banking movement. New report shows how public banks can move money from Wall Street & leverage public resources at scale. Read: www.demos.org/sites/defaul...
This is the spirit of Los Angeles.
This is California.
Don't let anyone tell you otherwise.
#FreeDavidEndRaids
Thinking of Greta Thunberg (and co) and those being attacked by ICE in LA. Lot of horrible stuff going on right now but also A LOT of people standing up for what's right.
ICE raids hit across Los Angeles today—and locals are rising up. This is what resistance looks like. ✊🏾
This was about an hour ago…
Join us on June 17 at 2PM ET to explore how #PublicBanks can power #GuaranteedIncome and a just economy!
Feat. Rep. Rashida Tlaib, @terrifriedline.bsky.social, @amycastro.bsky.social, @trinitytran.bsky.social, @grahamsteele.bsky.social & @darrickhamilton.bsky.social
RSVP: bit.ly/PublicBankingandGI
Had the honor of speaking at LA City Hall with Councilmembers
Eunisses Hernandez, Hugo Soto-Martinez, and Ysabel Jurado, as they committed their own funds to launch LA’s Public Bank plan. Institutional change takes time, persistence & collective will, but it’s happening.🏦✨ @publicbankla.bsky.social
Democratic finance isn’t an unrealistic idea disconnected from what working people fight for and want. It’s something currently being made by working-class coalitions in places like LA. Keep it moving @publicbankla.bsky.social!
It's time for a public bank to recapture interest & fees paid to Wall Street and reinvest in our cities. We're on our way to creating the People's Bank of LA. Let's GO! 🔥
The coalition & allies backed our city leaders as they took action using their own discretionary funds for the Public Bank plan. Given that LA faces severe budget deficits year after year, this moment couldn’t be more urgent. It's time to save public dollars. 🏦✨
