Big news! Councilmembers Imelda Padilla and Heather Hutt just stepped up with discretionary funds to support the LA public bank plan. With 9 Councilmembers on board, a majority now supports the public bank plan.
This growing support signals real momentum behind a plan to cut borrowing costs, reduce Wall Street fees, and reinvest public dollars into affordable housing, small businesses, and climate-ready infrastructure.
Huge thanks to the Council champions who’ve helped move this forward: Eunisses Hernandez, Bob Blumenfield, Nithya Raman, Marqueece Harris-Dawson, Curren Price, Hugo Soto-Martínez, and Ysabel Jurado.
The motion passed the Government Operations Committee (Sept 5, 2025) and Budget & Finance Committee (Oct 7, 2025) — all eyes are now on the full Council vote.
We need the remaining Council offices to step up and contribute their discretionary funds — and we need the Council President to agendize the vote.
👉 Send a one-click email now to urge Council action.
Let’s get this done.
