Public Bank Los Angeles

05/06/2026

MAIN STREET VS. WALL STREET! AB 2243 is backed by a broad statewide coalition representing labor, climate, housing, economic justice, small business, community finance, and grassroots organizing networks across California, including AFSCME, California Federation of Teachers, SEIU 2759, UFCW, The Greenlining Institute, Dēmos, NRDC, Courage California, EPIC, Small Business Majority, Inclusive Action, Move LA, Destination Crenshaw, dozens of Indivisible chapters statewide, multiple Democratic Party organizations and delegates, public bank coalitions across California, and over 130 endorsing organizations statewide.

Join us in supporting the CA State Bank Act: https://forms.gle/MPAXTLKgx67DKuFS6

04/29/2026

California State Bank Act clears two Assembly Committees! Public banking momentum builds in the Golden State!

California State Bank Act passes two committees! Thanks to Assembly authors Matt Haney and Ash Kalra, Chair Solache, Chair Valencia, committee members, and the California State Bank Coalition.

More than 120 endorsers representing millions of Californians, communities, workers, climate orgs, small businesses & economic justice groups.

04/17/2026

🚨 URGENT! We have a real opportunity right now to map out how Los Angeles can recapture billions from Wall Street, cut costs, and reinvest in local priorities. Call Mayor Bass right now:

: Call the Mayor at (213) 978-0600 and say:
Please include the remaining $325K for the LA Public Bank feasibility study in the Mayor’s budget. This is a small, practical step to create a detailed roadmap that will reduce City costs and keep public dollars working locally. Nine Councilmembers have already contributed their own discretionary funds to fund the plan, and it’s backed by over 70 organizations across LA.

04/17/2026

🚨 URGENT! We have a chance right now to map out how Los Angeles can recapture billions from Wall Street, cut costs, and reinvest in LA priorities. Call Mayor Bass RIGHT NOW:
: Call the Mayor at (213) 978-0600 and say:
Please include the remaining $325K for the LA Public Bank feasibility study in the Mayor’s budget. This is a small, practical step to create a detailed roadmap that will reduce City costs and keep public dollars working locally. Nine Councilmembers have already contributed their own discretionary funds to fund the plan, and it’s backed by over 70 organizations across LA.

03/13/2026

Motion passes! The LA Charter Reform Commission approved a motion adding a clarifying section to the City Charter related to public banking. The update points to existing state law under the California Public Banking Act (AB 857) and the state’s definition of a public bank as a nonprofit public corporation.

This technical clarification aligns LA’s Charter with current state law and helps clear legal ambiguity so the City has a clear path if Los Angeles chooses to pursue a public bank.

At a time when our city faces rising costs, budget deficits, and growing community needs, having the option to keep public dollars working locally matters more than ever. 💵♻️

Thank you to Commission Chair Raymond Meza and Commissioner Carla Fuentes for their leadership and introducing the motion. Coalition speakers turned out from , , and !

03/06/2026

LA Public Banking Listening Session w/ community partners End Poverty in California, Inclusive Action for the City, ACCE, United Parents and Students, CA Public Banking Alliance

03/06/2026

More photos from the Public Bank LA Listening Session with End Poverty in California and coalition leaders, Inclusive Action for the City, ACCE Action, United Parents and Students! Community members came together for a great conversation around barriers to capital and the urgent need for People's Bank!

02/23/2026

A full house at the LA public banking listening session at Mercado La Paloma! Community members shared stories about the barriers they face accessing capital and how a Los Angeles public bank could help fill gaps in affordable housing, small and micro businesses, infrastructure, and other urgent needs.

LA City Councilmember Ysabel Jurado voiced support for moving the public bank forward, and former Stockton Mayor Michael Tubbs spoke about the urgency for tools like public banking to address economic inequality.

Grateful to End Poverty in California, Inclusive Action for the City, ACCE Action, United Parents and Students, California Public Banking Alliance and everyone who helped organize, show up, and speak out. Event photos and video coming soon!

cc: Trinity Tran, Luz Castro, Gisele Mata, Larry Fondation, Christina Borg, Patrice Berry, Willa Cutolo

02/06/2026

Public dollars for public good!

02/06/2026

LA budget season is here, and the Public Bank LA coalition showed up at the UCLA Worker Center Councilmember Eunisses Hernandez, Los Angeles Controller Kenneth Mejia, and community leaders from BLM, RepresentLA, LA Forward, IDEPSCA, to demand a 2026 City budget that matches the people’s priorities, including immigration services, care-first budget investments, and prioritizing the public bank plan.

Inclusive Action for the City and Public Bank Los Angeles Coalition's Luz Castro put it powerfully: "Investing in a public bank is immigrant justice. With federal attacks on sanctuary cities escalating, a public bank helps protect local resources and put public dollars to work here at home, supporting entrepreneurs with fair loans and financing and investing in community stability, not systems that criminalize and harm our neighbors."

Shoutout to coalition leaders with ACCE Action United Parents and Students for standing in support!

02/03/2026

Join us Thursday, Feb 5 at 10am at the UCLA Labor Center for a press conference to unveil 2026 budget priorities!

The Public Bank LA Coalition is proud to have Luz Castro (Inclusive Action for the City) speaking at Thursday’s budget priorities press conference alongside Councilmember Eunisses Hernandez, City Controller Kenneth Mejia, and community leaders. Luz will lift up what immigrant communities need from the 2026 budget in the face of federal hostility and why public dollars should serve the people.

MEDIA ADVISORY Event Date: Thursday, February 5, 2026, 10:00 A.M. Contact: Naomi Roochnik, [email protected] Councilmember Hernandez, City Controller Mejia, and Advocacy Organizations to Unveil 2026 Budget Priorities LOS ANGELES — As Los Angeles approaches a crucial budget season, Councilmemb...