Next week, Berkeley voters decide on Measure Z, which would create a public bank modeled on the Bank of North Dakota. It’s been around since 1919 and has kept credit flowing when private banks pulled back.

Berkeley’s Public Bank East Bay would lend through local credit unions and community banks for affordable housing, clean energy, and small businesses. San Francisco has a public bank measure on the ballot too.

Read the New York Times article: Berkeley Considers Starting a Public Bank with Taxpayer Dollars.

Public banking is on the move in California!