Public Banking Advocacy Day at LA City Hall: Wed, August 21st at 2pm

Join coalition leaders from ACCE Action, Inclusive Action for the City, SEIU 721, United Parents and Students, and Public Bank LA as we meet with council offices to urge immediate funding for the public bank plan.

When: Wednesday, August 21st, 1:30pm to 5pm
Where: Los Angeles City Hall

Why it matters: The city has already released the public bank RFP and selected consultants to write the plan. In May 2024, LA City Council unanimously voted for the second time to move forward with funding. We’re urging the City to allocate the funds immediately so the consultants can begin their work.

A Los Angeles Public Bank could save over $1 billion annually in Wall Street banking fees, lower borrowing costs, and create new revenue streams to address budget deficits. With a small budget allocation, the city will create a financial plan to leverage its assets, save money, and better fund local needs such as affordable housing, clean energy projects, schools, and support for Black and Brown small businesses through local lending partners.

Delaying the formation of the public bank risks costing our city billions and hurting communities—it’s time for the Los Angeles Public Bank!

REGISTER for the prep call below.