Sf [inaudible] rising, democratic socialists of america, california, faculty association, ace, among other groups. We really urge the board of supervisors to move swiftly, work closely with the task force and the office of the treasurer to create a San Francisco Municipal Bank. We would like to see the banks charter be grounded in principles of equity, social, racial and economic and environmental justice. San francisco has a 10 billion budget but currently apart from all the reasons why we shouldnt be investing in large commercial banks, we also are facing unprecedented housing crisis, homelessness crisis, despite our very large city budget. So we would like to see a public bank that would really invest in our local communities, especially most marginalized and vulnerable communities that are underserved by our current Banking System and the city would invest in Affordable Housing. Thank you. Thank you. Next speaker. Thank you, and good afternoon all my relations, my name is Tony Gonz
Facing unprecedented housing crisis, homelessness crisis, despite our very large city budget. So we would like to see a public bank that would really invest in our local communities, especially most marginalized and vulnerable communities that are underserved by our current Banking System and the city would invest in Affordable Housing. Thank you. Thank you. Next speaker. Thank you, and good afternoon all my relations, my name is Tony Gonzalez and im with the American Indian movement. And im the director of a. I. M. West here in San Francisco. I come here to encourage this discussion on behalf of the international, or intertribal community, i believe most of us are in support of this effort and i would like to also commend former Supervisor John Avalos for having the foresight to having initiate this process in 2011. And also, its rather ironic that north dakota has the public bank and this is where we have seen in the last two years, the Standing Rock people, community and no daple or
And then public efforts such as Property Assessed Clean Energy bonds have been stymied by the limitations that commercial banks have. So federal tax reform is going to get rid of the Community Investment act. And there goes tax credits and nonprofits and Banking Services for low income communities. A public bank could solve some of those issues for us. Im excited we are here today. I look forward to seeing the task force and their findings and im hoping we move forward. Thank you. Thank you. Next speaker. Hello, supervisors my name is claire [inaudible] im cochair of San Francisco [inaudible] i want to express frustration with the board process, having been here for four hours, this very important item heard at the end of the agenda and Public Comment at the end, it doesnt allow for much democratic input. Most people dont have the luxury to sit in these chambers for four hours i would normally be teaching in a classroom of first and second graders. That being said, the San Francisco Be
Shouldnt be investing in large commercial banks, we also are facing unprecedented housing crisis, homelessness crisis, despite our very large city budget. So we would like to see a public bank that would really invest in our local communities, especially most marginalized and vulnerable communities that are underserved by our current Banking System and the city would invest in Affordable Housing. Thank you. Thank you. Next speaker. Thank you, and good afternoon all my relations, my name is Tony Gonzalez and im with the American Indian movement. And im the director of a. I. M. West here in San Francisco. I come here to encourage this discussion on behalf of the international, or intertribal community, i believe most of us are in support of this effort and i would like to also commend former Supervisor John Avalos for having the foresight to having initiate this process in 2011. And also, its rather ironic that north dakota has the public bank and this is where we have seen in the last t