Congratulations to Mayor Javier Gonzales for holding firm to the precept that Santa Fe should remain a sanctuary city. A strong majority of Santa Feans heartily agree, despite the fact this ethically based policy could trigger a roughly $6 million reduction in federal support for our city. Given this potential fiscal crunch, there now is increased reason to institute public banking for Santa Fe, so that public revenues stay in Santa Fe and work to support deserving community programs and initiatives within our fair city.
A public bank will keep public funds safely within our community rather than having them with Wells Fargo (or some other commercial megabank) that funnels its profits to distant shareholders, provides its officers with humongous bonuses, gambles with high-risk derivatives and commonly engages in ethically questionable business practices.
Janiece Jonsin – Santa Fe
