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Board asks treasurer to convene municipal public bank task force to study options
Summary
Supervisors unanimously approved a resolution directing the Treasurer's Office to convene a task force to study the feasibility and design of a municipal public bank for San Francisco, citing goals including financial transparency, local reinvestment and services to underserved sectors.
The Board of Supervisors unanimously adopted a resolution on April 25 directing the Office of the Treasurer and Tax Collector to convene a municipal public bank task force to study options for a public bank in San Francisco.
Supervisor Malia Cohen introduced the resolution and said the task force would bring together the treasurer's office, financial experts, community advocates and city staff to evaluate models for public banking, assess…
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