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Treasurer’s office outlines municipal bank task force; commissioners and public press for focused options
Summary
Molly Cohen of the San Francisco Treasurer & Tax Collector’s Office told LAFCO the Municipal Bank Feasibility Task Force (Feb–Aug) is prioritizing affordable housing and will produce a cost‑benefit analysis and modeling; commissioners and public commenters urged clear next steps, governance analysis, capital questions and urgency to move from study to action.
Molly Cohen of the San Francisco Treasurer & Tax Collector’s Office presented an interim report on the Municipal Bank Feasibility Task Force to the Local Agency Formation Commission on May 18, describing the task force’s process, prioritized goals and analytical plan.
Cohen said the task force — scheduled to meet monthly from February through August — includes community advocates, banking and policy experts, city staff and pro‑bono legal support. Members ranked goals and prioritized affordable housing first, followed by small business…
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