Public Bank LA: Final Budget Push

Our mission to fund the Public Bank Feasibility Study is closer than ever — and we need your help to get it across the finish line. Seven Councilmembers including Eunisses Hernandez (CD1), President Pro Tempore Bob Blumenfield (CD3), Nithya Raman (CD 4), Council President Marqueece Harris-Dawson (CD8), Curren Price (CD9), Hugo Soto-Martinez (CD13), and Ysabel Jurado (CD14), have each committed discretionary funds toward the public bank plan. This shows strong support from City leaders and puts us in a solid position to secure the rest of the funding.

At the May 22 hearing, the motion was referred to the Budget & Finance and Government Operations Committees. To secure full funding, we need both committees to agendize and support the item — and that’s where you come in.

Send a one-click email to Los Angeles City Council and legislative staff, including Budget & Finance Chair Katy Yaroslavsky and Government Operations Chair Imelda Padilla. This is our final push to move the public bank plan forward.

As LA faces a historic budget deficit, we need real solutions — a plan to save money, cut borrowing costs, and reinvest in affordable housing, green energy, sustainable infrastructure, and small businesses. A public bank would give LA the tools to reinvest its own dollars into what matters.

UPDATE 9/8: On September 5th, the public bank motion was approved in the Government Operations Committee. Let's keep the pressure up to get the motion agendized in the Budget & Finance Committee chaired by Councilmember Yaroslavsky!

Letter Campaign by
Trinity Tran
Public Bank LA Coalition
Sponsored by
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Los Angeles, CA