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. 🏦♻️

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

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.

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...

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. 🏦♻️🏡

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!

🚨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

🚨 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

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.

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). 🏦🌱

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.

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...

WHO WANTS SOME GOOD LEGISLATIVE NEWS!!! 😭 😭

🚨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...

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! 🏡🏦

Signal boost to save CalAccount!

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

This is the spirit of Los Angeles. This is California. Don't let anyone tell you otherwise. #FreeDavidEndRaids

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

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

"Creating a public bank would be a bold step toward reinvesting our public dollars directly into our communities. Tough economic times give us an opportunity to look at ways we can uplift sustainable local economies.” -Councilmember Ysabel Jurado laist.com/news/politic...

"Three Los Angeles City Council members introduced a motion Friday to fund a feasibility study for a proposed public bank, which supporters say could generate new revenue for the city without placing new taxes or fees on residents." www.msn.com/en-us/money/...

Had the honor of speaking at LA City Hall with Councilmembers Eunisses Hernandez, Hugo Soto-Martinez, and Ysabel Jurado, as they committed their own funds to launch LA’s Public Bank plan. Institutional change takes time, persistence & collective will, but it’s happening.🏦✨ @publicbankla.bsky.social

Democratic finance isn’t an unrealistic idea disconnected from what working people fight for and want. It’s something currently being made by working-class coalitions in places like LA. Keep it moving @publicbankla.bsky.social!

It's time for a public bank to recapture interest & fees paid to Wall Street and reinvest in our cities. We're on our way to creating the People's Bank of LA. Let's GO! 🔥

The coalition & allies backed our city leaders as they took action using their own discretionary funds for the Public Bank plan. Given that LA faces severe budget deficits year after year, this moment couldn’t be more urgent. It's time to save public dollars. 🏦✨

"The People have spoken. We have to move the People's money. I’m proud to stand with all of you as we take this critical step towards creating a Public Bank in the City of LA. Our money deserves to come back to us and not to Wall Street.” -Councilmember Eunisses Hernandez

"A public bank would give us the power to reinvest our own city taxpayer dollars in affordable housing, good jobs & the services that our communities desperately [demand] from us. Our system is broken. We have the opportunity to build something new." Councilmember @hugoforcd13.bsky.social

"It’s unacceptable to keep doing business as usual and that’s why there’s a realignment happening at City Hall." - Councilmember Ysabel Jurado All 3 Councilmembers are committing discretionary funds to help fund Phase 1 of the public bank feasibility study. 👏

Fund the #LAPublicBank! ACCE members on Friday joined our @publicbankla.bsky.social coalition partners and our CM champions -Eunisses Hernandez, @hugoforcd13.bsky.social & Ysabel Jurado - to share the great news that we are a step closer to establishing a Public Bank in Los Angeles. 1/2

Huge thanks to everyone who showed up -- for hours, in long lines, and in full force. Angelenos came out to speak on the city budget, and our coalition made sure the #PublicBank was heard. The fight’s not over, public comment’s still open! 📩 bit.ly/pblabudget25

having a public bank means not banking with the big banks and saving billions in fees and interest that can be reinvested into the community.

HUGE WINS 🔥The CalAccount Program #AB1365 cleared its first two hurdles: Assembly Banking & Finance and today in Labor & Employment. Momentum is building toward a future where every Californian can access a safe, zero-fee public banking option that actually works for us.

📣 We need you to speak up at LA’s budget hearings! The Public Bank plan will save money, invest in affordable housing & LA priorities, and prevent future deficits. We’ve got Council support, now we need to fund the study. Show up or submit comment: bit.ly/pblabudget25

🚨 LA faces a $1B deficit, yet billions go to Wall Street every year. Why bankroll big banks when we can build our own? A Public Bank would keep LA’s money local, funding homes people can afford, neighborhood businesses & climate-ready upgrades. Sign on: bit.ly/pblabudget1

Facing a $1B deficit, LA risks gutting essential services & laying off thousands—from firefighters to librarians—while billions vanish in fees. Instead of more debt or higher taxes, a #PublicBank could recapture funds to invest in housing, green infrastructure & small businesses.

Our volunteer team of advocates from across the state @ebpublicbank.bsky.social, @publicbankla.bsky.social, San Francisco & Sacramento met with legislators at the Capitol to discuss our progress on building a network of socially & environmentally responsible public banks & we rallied for CalAccount!

Powerful shout out from @rashidatalib.bsky.social to our grassroots public banking movement in the @theguardian.com! From LA to NY, we're working to prove that finance can serve people and empower local investment. Democratic mandates *can* build renewables, affordable housing & community wealth. 🏦🌱

Thank you for the shoutout @rashidatalib.bsky.social! “From Los Angeles to New York, for example, there are dozens of grassroots movements across our country building public options for finance.” www.theguardian.com/commentisfre...

The ACCE Action crew gathered in LA to back the #PublicBankLA! As federal threat looms over local control of public resources, LA can redirect $1B/year paid to private banks and reinvest in housing, wildfire resilience, infrastructure & equity. Our money. Our values. Our bank!!

LA sends billions to Wall Street annually while rebuilding from wildfires. A public bank keeps $$ local: fireproof homes, pause mortgage payments, build resilience for future crises. We need the #PublicBankLA. @trinitytran.bsky.social @commondreams.org www.commondreams.org/opinion/publ...

Caught in a cycle of destruction and recovery that grows more urgent every year, fire season is no longer a season—it’s a year-round threat. www.commondreams.org/opinion/publ...