Berkeley Considers Starting a Public Bank With Taxpayer Dollars (Gift Article)

Berkeley votes next week on Measure Z, creating a public bank modeled on North Dakota’s 100+ year-old bank. It’d lend through local credit unions for housing, clean energy & small biz. Public banking’s on the move in CA!  www.nytimes.com/2026/10/25/u...

www.nytimes.com/2026/10/25/u...

Berkeley Considers Starting a Public Bank With Taxpayer Dollars www.nytimes.com/2026/10/25/u...

Berkeley Considers Starting a Public Bank With Taxpayer Dollars The bank would offer low-interest loans to community projects in the East Bay region of Northern California.

Berkeley's Measure Z would raise $58.3M over six years from city property owners to seed a bank serving the East Bay. Supporters cite lending for housing, clean energy and small businesses. Opponents question regional cost-sharing and whether the bank can secure regulatory approval.

www.nytimes.com/2026/10/25/u... I’m sure there are local credit unions in the area that accomplish the same goals, without using an additional tax to create a government operated institution. Credit unions are supposed to operate for the members, by the members.

Berkeley Considers Starting a Public Bank With Taxpayer Dollars www.nytimes.com/2026/10/25/u...

Berkeley Considers Starting a Public Bank With Taxpayer Dollars www.nytimes.com/2026/10/25/u... Shameless self promotion. I am mentioned in this.

Berkeley Considers Starting a Public Bank With Taxpayer Dollars www.nytimes.com/2026/10/25/u... Yes please. One way to level the inequalities in banking