• Home
    Home This is where you can find all the blog posts throughout the site.

Mayor wants to study possibility of launching public bank

Posted by on in National News
  • Font size: Larger Smaller
  • Hits: 4166
  • Subscribe to this entry
  • Print

Mayor Javier Gonzales wants to study the feasibility of creating a public bank in Santa Fe to grow the local economy by keeping taxpayer money in the city.

Gonzales, who talked about the idea on the campaign trail, organized a presentation Tuesday for city councilors and others to understand the basics of public banking, which leverages a government's assets to stimulate investment in the community. Examples of public banking include offering low-interest loans to local businesses or low-cost financing for public projects, such as housing and infrastructure.

Read entire article here.