Statewide Rally + Press Conference!
April 22 | 12:30 PM | West Steps, State Capitol, 1315 10th Street, Sacramento, CA 95814
RSVP here: Eventbrite link

Join us at the historic launch and show your support for public banking!

Speakers will share brief, 30-minute remarks, including

• Assemblymember Matt Haney (San Francisco)
• Assemblymember Ash Kalra (San Jose)
• Trinity Tran, Executive Director, California Public Banking Alliance
• Michael Tubbs, Founder, End Poverty in California
• Tristan Brown, Legislative Director, California Federation of Teachers (CFT) AFT, AFL-CIO
• Max Vargas, CEO, The Greenlining Institute
• Dr. Flo Cofer, Leader, Sacramento Area Congregations Together (SacACT), Sacramento Climate Coalition

Celebrate and Connect!
Enjoy multicultural performances, shaved ice with organic fruit purées, and more as we celebrate community and change.

Why It Matters for Main Street
California faces budget deficits, a housing crisis, and major infrastructure needs, while billions in public dollars flow to Wall Street. AB 2243 starts the process to create a state public bank through a State Bank Commission and Plan.

A public bank would work with community lenders to lower borrowing costs, expand financing for housing, climate projects, infrastructure, and small businesses, and keep more public dollars working in California.

Endorsed by 100+ organizations statewide.

Confirmed orgs attending, including co-sponsors: California Public Banking Alliance (CPBA), End Poverty in California (EPIC), The Greenlining Institute, California Federation of Teachers – CFT–AFT, AFL-CIO, Indivisible CA: StateStrong, Climate Action California, Third Act Sacramento, 350 Sacramento, Sacramento Area Congregations Together (SacACT), Sacramento Climate Coalition, Indivisible Sacramento, Sacramento Poor People’s Campaign, Friends of the Earth, and CPBA regional leads from San Francisco, Los Angeles, East Bay, Sacramento, Central Coast, and Yolo County. More groups are joining at the Capitol as we build turnout!

Sign on to endorse:
https://forms.gle/NSFTtXHknHsQd2GX6

California Democratic Party Delegates: sign-on here.

RSVP for the Earth Day Launch of AB 2243: Eventbrite link

Come be part of this historic moment!

San Diego Union-Tribune – February 2, 2020. The San Diego Union-Tribune talks with Jeff Olson with Public Bank SD and the California Public Banking Alliance on the next steps for a San Diego Public Bank.

SAN DIEGO —  New state legislation allowing cities to establish government-run “public banks” has prompted San Diego officials to begin exploring the idea, including four City Council members who want to spend $250,000 on a feasibility study.

San Diego would join Los Angeles, Oakland and several other cities that have begun analyzing the pros and cons of public banks, which aim to boost city revenue and direct more capital to priorities like affordable housing.

If approved, San Diego would launch its public bank, which could happen as soon as next year, using hundreds of millions of dollars from city reserves that it now keeps at Bank of America.

By cutting out a commercial bank as the middle man, the city could replace the small interest payments it receives from B of A — currently about 1 percent — with interest revenue as high as 20 percent from loans it would make, supporters say.

Continue reading on The San Diego Union-Tribune.