Sacramento Public Bank Feasibility Study
Sacramento, California
Summary
Dozens of community members urged the council to restore funding for a public bank business plan and viability study under AB 857, arguing it would keep local tax dollars out of Wall Street and direct them toward affordable housing, small businesses, and green infrastructure.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed May 26, 2026.
Impact analysis
Involves restoring a previously considered $250,000 allocation for a business plan and viability study.
Local small businesses, minority entrepreneurs, and affordable housing developers seeking accessible capital.
None identified by speakers, though budgetary constraints remain a primary hurdle.
Mentions & discussions (2)
5:00 PM City Council - May 26, 2026
Climate and community activists asked the city to restore funding for a viability study and business plan to create a Sacramento Public Bank, which they say would keep public money local and help fund affordable housing.
2:00 PM City Council (Special Meeting) - Mar 24, 2026
Dozens of community members urged the council to restore funding for a public bank business plan and viability study under AB 857, arguing it would keep local tax dollars out of Wall Street and direct them toward affordable housing, small businesses, and green infrastructure.
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