I have read both the Santa Fe Public Banking Feasibility Study Final Report and the Banking on New Mexico’s Five-Year Model report. Both studies show that a public bank will significantly reduce debt while keeping our taxpayers’ money in Santa Fe, not invested out of state. It can also make a profit, which will benefit our community. As a result, I am very much in favor of establishing a public bank here. I encourage the city councilors and staff to support a public bank for Santa Fe.
Once created, a public bank will be here for generations to come, eventually creating affordable credit to those sectors of the economy that raise the standard of living for all the people.
Ada Browne – Santa Fe
