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Public Banking Benefits in Brief

Learn more about Friends of Public Banking Santa Rosa at http://www.publicbanksantarosa.org/

Jan. 28, 2018

Learn more about Friends of Public Banking Santa Rosa at http://www.publicbanksantarosa.org/

Public Banking Benefits in Brief

  • Public banking can cut the cost of infrastructure IN HALF. This can be achieved by financing through the city's own bank, eliminating interest paid on bonds and returning the earned interest to the city's own operating budgets.
  • It will save millions in banking fees to Wall Street banks.
  • A public bank is a wholesale bank. It does not compete with local banks and credit unions. Instead, the Public Bank of Santa Rosa could partner with local banks and credit unions in providing affordable credit to fund small businesses, housing construction, student loans, public infrastructure and renewable energy programs.
  • It may enable the city and other institutions to divest from fossil fuels.
  • I​t will help keep​ our​ money in our city and county.

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