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LAFCO updates on public banking work; green‑bank financing study to follow
Summary
LAFCO reported completion of the Reinvestment Working Group work product and submitted it to local and federal regulators; staff said a two‑phase green‑bank financing study will seek EPA GGRF and other federal funds and that establishing a municipal finance corporation now would improve competitiveness for future federal awards.
LAFCO’s executive officer and policy staff updated commissioners on public banking work and plans for a green‑bank financing study tied to the Reinvestment Working Group’s recommendations.
Jeremy Pollack said LAFCO will provide semiannual oversight updates and has posted a public tracking dashboard. Policy analyst Khaled Samurai reported the working group’s final plans were submitted to the Board of…
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