In November, we succeeded in getting the Oakland City Council to instruct the City Administrator to report on the usefulness of a feasibility study for creating The Public Bank of Oakland. Our next goal is to convince the City Council to commission that study as soon as possible, and incorporate it into a business plan for a public bank in Oakland.
After that, we will pressure the Oakland City Council to pass enabling legislation that will create and fund a public bank for Oakland. Our overarching goal is to see a public bank flourish in Oakland while it helps the community, thereby providing an example for other jurisdictions wishing to rid themselves of their dependence on Wall Street banks.
We are meeting regularly, have dozens of people on our mailing list in support of our goals (to join the mailing list, contact us). We are broadening our coalition by adding to our list of Oakland and East Bay organizations that support our efforts.