Thank you, city councilors, for taking a concrete step toward the creation of a public bank here in Santa Fe. In October, Councilor Renee Villarreal introduced a resolution (co-sponsored by Councilors Joseph Maestas and Carmichael Dominguez) calling for the convening of a task force to lay out the steps required to make public banking in Santa Fe a reality. Public banking would offer a healthy boost to our local economy; city revenues will be deposited with our own bank, instead of with commercial banks, and then can be leveraged to provide funds at fair rates for needed projects within our own community. Our funds stay in our community, building financial strength and resilience. Given the state of our city’s finances, such a reform is sorely needed.
Amy Bertelli – Santa Fe
