Author | Lightnews

Reposted by Public Bank LA

California Public Banking Alliance @capublicbanking.bsky.social · 2d

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

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Public Bank LA @publicbankla.bsky.social · 9d

Our team came together to ground in our next steps to build the LA Public Bank! From living room strategy sessions to Zoom to City Hall, we’ve gone from an idea with no blueprint to a movement reshaping how cities think about money & power. Next, we build! 🔥

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Public Bank LA @publicbankla.bsky.social · 21d

BIG NEWS! LA City Councilmembers Imelda Padilla and Heather Hutt committed discretionary dollars to the LA Public Bank plan. They join 7 colleagues backing work to cut borrowing costs, reduce fees, and invest in housing, small biz & climate infrastructure. 🏦🌱

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Public Bank LA @publicbankla.bsky.social · 27d

Unanimous! The public bank motion cleared the Budget & Finance Committee.Thanks to Chair Yaroslavsky, Members Hernandez, Blumenfield, Hutt & CM McOsker. With budget pressures rising, a public bank can cut borrowing costs, keep dollars local & add new revenue tools. 🏦♻️

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Los Angeles Neighborhood Council Sustainability Alliance @lancsa.bsky.social · Oct 3

Please join us Sunday, October 12 for a conversation with @publicbankla.bsky.social about how a public bank in LA could help us become a more sustainable city. Learn more and RSVP at www.ncsa.la/public_bank_.... #PublicBank

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Public Bank LA @publicbankla.bsky.social · Sep 23

What if LA’s money worked for LA? 💰At Destination Crenshaw’s panel, PBLA’s Dan Pelegero joined Jason Foster, Oscar Perry Abello & Self Help Credit Union to discuss how a public bank could keep dollars local supporting housing, anti-displacement & rebuilding after disasters.

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Public Bank LA @publicbankla.bsky.social · Sep 15

Big wins for LA. Read our latest! The Public Bank motion cleared committee + 7 councilmembers including Council President Harris-Dawson, are now putting funds behind it!

We just dropped our new State Bank brief & join our talk at Destination Crenshaw! 🏦✊
mailchi.mp/fe93a70d3a8e...

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Public Bank LA @publicbankla.bsky.social · Sep 9

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. 🏦♻️🏡

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Public Bank LA @publicbankla.bsky.social · Sep 8

Over 1,750 letters sent! actionnetwork.org/letters/publ...

Send a one-click letter via our Action Network campaign. Let’s keep the pressure up and get the LA public bank plan across the finish line!

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Public Bank LA @publicbankla.bsky.social · Sep 6

🚨The Public Bank motion PASSED in the Government Operations Committee chaired by Councilmember Padilla w/ CMs Jurado & Lee! Next stop: Budget & Finance. Big thanks to champions & coalition partners. 🏦 #ProfitForThePeople

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California Public Banking Alliance @capublicbanking.bsky.social · Sep 2

🚨 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

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Public Bank LA @publicbankla.bsky.social · Aug 20

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.

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Public Bank LA @publicbankla.bsky.social · Aug 1

Six LA City Councilmembers kickstart the Public Bank plan with their own funds! Thank you for leading the way Councilmembers Hernandez (CD1), Blumenfield (CD3), Raman (CD4), Price (CD9), Soto-Martinez (CD13) & Jurado (CD14). 🏦🌱

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Public Bank LA @publicbankla.bsky.social · Jul 9

The century-old Bank of North Dakota is rated A+/Stable by S&P, delivered 18% returns last year, and remains safer than Wall Street banks with strong reserves and local partnerships with CDFI's, community banks & credit unions.

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Public Bank LA @publicbankla.bsky.social · Jul 9

Bank lobbyists are spreading misinformation. LA has never had a real bank. The old LA Community Development Bank was a private-sector loan fund, not a bank. It wasn't chartered, unregulated & didn’t take deposits. A public bank would be regulated & accountable to LA communities.

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Public Bank LA @publicbankla.bsky.social · Jul 8

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.

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Public Bank LA @publicbankla.bsky.social · Jul 7

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...

Leaders Take Another Stab at Public Banking - Los Angeles Business Journal

Four Los Angeles City Council members took a critical step to bolster the campaign to develop the city’s first public bank. Councilman Curren Price Jr., a

labusinessjournal.com

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Brett "Solidarity 2025" Banditelli @banditelli.org · Jul 3

WHO WANTS SOME GOOD LEGISLATIVE NEWS!!! 😭 😭

California Public Banking Alliance @capublicbanking.bsky.social · Jul 2

🚨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...

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Reposted by Public Bank LA

California Public Banking Alliance @capublicbanking.bsky.social · Jul 2

🚨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...

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Public Bank LA @publicbankla.bsky.social · Jun 27

Big day at LA City Hall! @acceaction.bsky.social, SAJE, KIWA, Movement Legal, Inquilinos Unidos pushed the Council to fully fund the Public Bank plan. It's time to build a city that invests in us! 🏡🏦

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Public Bank LA @publicbankla.bsky.social · Jun 19

Signal boost to save CalAccount!

California Public Banking Alliance @capublicbanking.bsky.social · Jun 19

URGENT: Tell Gov. Newsom + Senate Budget Leaders to fund CalAccount—CA’s zero-fee public banking option.

Families lose $4.5B/yr to junk fees. That money should go to rent, food, bills—not bank profits. Take action now: capublicbanking.com/send-a-lette...

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Public Bank LA @publicbankla.bsky.social · Jun 11

CALL TO ACTION: Tell LA City Committees — Fully fund the Public Bank Plan! CMs Hernandez, Jurado & Soto-Martinez put up their own funds. Now Budget & Finance + Gov Ops must agendize & pass the motion.

Over 1,000 letters sent, keep the momentum going! bit.ly/pblaletter

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California Fast Food Workers Union @cafastfoodunion.org · Jun 9

This is the spirit of Los Angeles.

This is California.

Don't let anyone tell you otherwise.

#FreeDavidEndRaids

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Institute on Race, Power and Political Economy @racepowerpolicy.org · Jun 5

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

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⚡️ 지영 ⚡️ @jiyoung213.bsky.social · Jun 6

this is why we need public banks and social housing. @publicbankla.bsky.social is in the works!

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