After I read Dan Metzger’s opinion piece (“Santa Fe could use a public bank,” My View, April 24), I understood why a public bank would be good for Santa Fe. I know the city often borrows money to pay for parks, roads and other public projects we citizens use and enjoy. Before reading Mr. Metzger’s letter, I didn’t know there was another, better way for Santa Fe to fund its endeavors.
In his piece, Mr. Metzger explained the hypothetical model his team created for the first five years of the public bank’s existence. He showed that borrowing from a public bank would significantly reduce the cost of securing the city’s needed capital. Given the budget cutbacks we are now facing, we must find ways to do things smarter and less expensively. I encourage the city to move forward and create a public bank for Santa Fe.
Bonnie Gross – Santa Fe
