Several Los Angeles City Council members put up seed funding to again explore the feasibility of creating a public bank for the city.
Four Los Angeles City Council members took a critical step to bolster the campaign to develop the city’s first public bank.
Councilman Curren Price Jr., a moderate who represents the city’s ninth district, has pledged $15,000 toward an effort to fund a feasibility study for a public bank, according to the city council agenda released on June 27.
He joined three of his progressive-leaning colleagues – council members Eunisses Hernandez, Hugo Soto-Martinez and Ysabel Jurado – all of whom in late May announced during a press conference their plans to earmark the same amount in funding toward the study.
labusinessjournal.com
By Andrew Asch
July 7, 2025