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HB236 to be heard by House Commerce and Economic Development Committee (HCEDC) this Wednesday
February 16, 2021 – The New Mexico Public Banking Act will be heard in the HCEDC this Wednesday, February 17th at 1:30pm. Contact committee members today in support of HB236. Call or email each one. Offer public comment during the hearing on Wednesday, February 17th...
Challenging Misinformation About a NM State Public Bank
Challenging Misinformation About a NM State Public Bank
By Retake Our Democracy | February 11, 2021
Angela Merkert, Executive Director of Alliance for Local Economic Prosperity spoke on Saturday with Paul Gibson on Retake Our Democracy on KSFR Santa Fe Public Radio about what a State Public Bank is, and what it isn’t.
VIDEO Challenging Misinformation About a NM State Public Bank
San Miguel County Commissioners Support a Public Bank for New Mexico
February 11, 2021 At a meeting of the San Miguel County Board of Commissioners on Tuesday, February 9, commissioners voted in support of establishing a state public bank, a measure that is also working its way through the state legislature. Dee and George Gamble, who...
San Miguel County Votes in Support of a Public Bank for New Mexico
By Phil Scherer, Las Vegas Optic – At Tuesday’s meeting, commissioners voted in support of establishing a state public bank, a measure that is also working its way through the state legislature. Dee and George Gamble, who presented to the commission, say that establishing a public bank would help keep more money in the state, and out of big corporations, which they said would help the state’s economy.
When Piggy Banks Fly
By No More Normal, KUNM | February 7, 2021 Listen as Angela Merkert, Executive Director of Alliance for Local Economic Prosperity, speaks with Khalil Ekulona, the host of No More Normal, KUNM 89.9 Albuquerque on the benefits of a Public Bank for New Mexico communities...
Show us the money
By Kim Shanahan, Santa Fe New Mexican – Some progressives have touted the benefits of a state bank for years, some for the past decade. As recently as nine years ago, the homebuilding industry in Santa Fe was deep in a lending drought with no sign of ending. Many thought a public bank could resurrect local developments starved of financing for new subdivision infrastructure. Many of us still do.
Three States and Two Cities Are Getting Serious About Public Banking
By Oscar Perry Abello, Next City – Over the last few weeks, legislators in Washington State, Oregon, Philadelphia and San Francisco all introduced bills to establish or take the necessary steps toward the establishment of “public banks.” Across the country, state and local governments currently hold more than $600 billion in deposits. Supporters of public banks envision using those deposits to do what the Bank of North Dakota has been doing since 1919 — playing a mostly behind-the-scenes role to give community lenders a boost.
Bill Could Allow OR Cities to Create Their Own Banks
By Eric Tegethoff, Public News Service – Oregon lawmakers want cities to be allowed to put their cash in banks other than large, for-profit institutions. Bills in the Legislature – Senate Bill 339 and House Bill 2743 – would enable municipalities to create public banks, which are owned and run by a state or municipality.
SB 313/ HB 236 Public Banking Act has been filed!
February 2, 2021 – Alliance for Local Economic Prosperity is pleased to announce that the Public Banking Act, SB 313/ HB 236, has been filed and assigned to the following committees: Senate Tax, Business & Transportation Committee (STBTC), Senate Finance Committee...
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Episode: Everyone deserves a public bank
“I had the good fortune to work on this initiative before Bernie kidnapped all my time. This is one of those no-brainer initiatives that only the 1% could oppose. It has the potential to save the state millions of dollars by vastly reducing the cost of its bonds to improve infrastructure funding. in a public bank, our state funds can be used to build our local economy and our local infrastructure.”
– Paul Gibson
Retake Our Democracy