Public Banking is on the Ballot. Vote Yes on B.
November 2, 2018
On Tuesday, voters will decide the fate of Charter Amendment B, ballot measure unanimously approved by city council which would open the door to a public bank of Los Angeles. It costs us nothing, and it doesn’t start a bank. It just removes one statutory hurdle, amending Section 104(g) of the City Charter which prohibits commercial investment by the city. With authority provided by the voters, the City will be able to pursue changes in City and State law needed to achieve the creation of a municipal bank. It’s a first, critical step for common sense financial independence for Los