California Public Banking Alliance
@capublicbanking.bsky.social
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Coalition of 10 cities/regions advancing socially & environmentally responsible Public Banks and a fee-free banking option through CalAccount. 🌿🌎 capublicbanking.com
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capublicbanking.bsky.social
🚨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...
Reposted by California Public Banking Alliance
publicbankla.bsky.social
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. 🏦♻️
capublicbanking.bsky.social
🚨Breaking: New Poll Shows 2 in 3 likely SF voters support starting a San Francisco Public Bank!

Read the story www.kqed.org/news/1205885...
Reposted by California Public Banking Alliance
sylviachi.bsky.social
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...
capublicbanking.bsky.social
🚨 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
Reposted by California Public Banking Alliance
publicbankla.bsky.social
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.
Reposted by California Public Banking Alliance
cafastfoodunion.org
Our banks shouldn’t punish us for being poor.

Over the past several years we’ve joined @capublicbanking.bsky.social and allies and to create the first statewide fee-free public banking option in America.
capublicbanking.bsky.social
Big banks have failed our communities; it’s time for something better. Check out Demos' "Public Banks for Racial Equity" brief covering our trailblazing work in California!
www.demos.org/policy-brief...
capublicbanking.bsky.social
Huge thanks to @terrifriedline.bsky.social and the UMich team, @demosorg.bsky.social Beneficial State Foundation, and Small Business Majority.
capublicbanking.bsky.social
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...
Reposted by California Public Banking Alliance
trinitytran.bsky.social
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.
capublicbanking.bsky.social
Our team and the CalAccount Community Coalition at the State Capitol with hundreds of fast food workers fighting for fee-free bank accounts! 💪🏽🏦
@cafastfoodunion.bsky.social
Reposted by California Public Banking Alliance
sylviachi.bsky.social
Today we took another step towards implementing a fee-free public option for basic financial transactions for all Californians!
capublicbanking.bsky.social
🚨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...
Reposted by California Public Banking Alliance
banditelli.org
WHO WANTS SOME GOOD LEGISLATIVE NEWS!!! 😭 😭
capublicbanking.bsky.social
🚨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...
Reposted by California Public Banking Alliance
jiyoung213.bsky.social
the predatory pay day lending business is sad right now. lol.

props to everyone who made this state public banking option a reality!
capublicbanking.bsky.social
🚨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...
capublicbanking.bsky.social
🚨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...
Reposted by California Public Banking Alliance
publicbankla.bsky.social
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! 🏡🏦
Reposted by California Public Banking Alliance
capublicbanking.bsky.social
Thanks to everyone who joined The New School's @racepowerpolicy.org Public Banking Panel w/ @rashidatalib.bsky.social! Watch how Public Banking + Guaranteed Income can tackle inequality + build long-term change.

🎥 vimeo.com/1094198348/1...

We answered Q&As here: mailchi.mp/newschool/20...
Reposted by California Public Banking Alliance
weightman.bsky.social
In fact, California already passed a law (AB 857) that makes it possible for local governments to charter their own banks. In 2019, @capublicbanking.bsky.social played a crucial role in passing this first-of-its-kind legislation. 3/10
Reposted by California Public Banking Alliance
weightman.bsky.social
🚨 Very excited to share that my note, Municipalities and the Banking Franchise, is officially out in the @stanlrev.bsky.social! The piece explores the role local governments can play in building a more democratic financial system. papers.ssrn.com/sol3/papers.... 1/10
capublicbanking.bsky.social
Thanks to everyone who joined The New School's @racepowerpolicy.org Public Banking Panel w/ @rashidatalib.bsky.social! Watch how Public Banking + Guaranteed Income can tackle inequality + build long-term change.

🎥 vimeo.com/1094198348/1...

We answered Q&As here: mailchi.mp/newschool/20...
capublicbanking.bsky.social
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...
Reposted by California Public Banking Alliance
racepowerpolicy.org
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
capublicbanking.bsky.social
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...