“The public Bank of North Dakota is a watermelon. A Public Bank of Santa Fe would be a peach. Both are sweet.” So said Nichoe Lichen, volunteer with the WeArePeopleHere grass-roots initiative, Banking On New Mexico. A growing number of Santa Feans are joining a growing number of communities across the United States, as we look at the many ways a public bank could benefit our community.
A public bank is owned by the public — you and me. It holds our community’s cash — our taxes, fees and fines — and lends that money locally for projects identified by us as priorities. It operates according to the regulations for a chartered bank and is managed by professional bankers making the day-to-day lending decisions and earning a civil servant’s salary. It offers so much good for our city. Learn more at BankingOnNewMexico.org or call 505-216-6376.
Elaine Sullivan – Santa Fe
