Support California bill to allow cities to create public banks
In Plain English
California currently prohibits cities from operating their own banks. Assembly Bill 857 would change state law to let cities create public banks that could offer loans and banking services. If the city council approves this support, Richmond joins other cities backing the legislation.
Auto-generated summary. Source: official agenda documents.
Votes
Adopt Resolution No. 37-19
PassedCommunity Discussion
This discussion was submitted to the City Clerk as part of the public record.
Comments are submitted to the Richmond City Clerk before the meeting. By commenting, you agree to have your name and comment included in the public record.
Similar Discussions
5 related items found by meaning
Endorse Oakland's efforts to create a public bank
Authorize staff to explore creating Public Bank East Bay with Berkeley and Oakland
Support state bill expanding citizen-funded election programs to all cities
Authorize Public Bank East Bay to apply for state regulatory approval
Support state bill allowing city to create public campaign financing program
The Story So Far
Related items from other meetings
Oppose carbon waste pipeline project through Richmond
Add caste as protected category in city anti-discrimination law
Sign agreement with RecycleMore to comply with state food waste recycling law
Accept $60,000 state grant for Tahoe for All recreation program
Create new sister city commission to manage relationship with Sebastia, Palestine
Oppose carbon waste pipeline project through Richmond neighborhoods
Accept donated property lease at 1414 Harbor Way South from Orton Entertainment
Support state bill giving fire chiefs authority over school safety during wildfires
Add caste as a protected class in city anti-discrimination laws
Send letter asking governor to create California-Nevada fireworks task force