News

Action Alert: Help Pass the NY Public Banking Act

(WEST SIDE NEIGHBORHOOD ALLIANCE) July 18, 2020

Even before COVID-19 gripped our communities, New York faced widening racial and economic inequality.

Now, against the backdrop of a pandemic that has devastated low-income communities and communities of color, the NYS Legislature is preparing to reconvene next week, for what could be the last time this year.

This is an opportunity to advance transformative strategies that not only help New Yorkers get back on their feet, but also rewrite the rules that enable deep structural inequities to persist.

Enter public banks – financial institutions owned by the people and established to serve the public good. Through public banking, we can invest our public money in permanently-affordable housing, living-wage jobs, renewable energy, and other critical community needs.

The “New York Public Banking Act” creates a pathway for cities and counties to get our public money out of the Wall St. banks that systematically harm New Yorkers and our neighborhoods, fund fossil fuels and other destructive industries, and exploit crises at public expense.

Take Action:

Call Senate Majority Leader Andrea Stewart-Cousins and Assembly Speaker Carl Heastie today and tell them to pass the NY Public Banking Act (S5565C / A9665C) because our public money should be used for the public good, now more than ever. Click here to call them today!

Learn More About Public Banking:

Check out publicbanknyc.org

Follow the Public Bank NYC coalition on Twitter and Facebook

Read the coalition’s recent testimony before the NYS Assembly

Source: https://mailchi.mp/hcc-nyc/action-alert-help-pass-the-ny-public-banking-act?e=4f572a75b0