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What if NYC had its own public bank? There are billions of reasons to consider it, report says.

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Why Activists Are Pushing NYC to End Its Tax Lien Sale

Tomorrow, New York City will resume its annual tax lien sale, where outstanding debt is sold to private creditors, after pausing it in 2020 due to the pandemic. But a coalition of nonprofits, community land trusts, and elected officials are asking the city to cancel the lien sale altogether and consider less predatory approaches to debt. ....

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