San Francisco’s plans for a Municipal Finance Corporation and a Public Bank advance to the Board of Supervisors
The San Francisco Reinvestment Working Group (RWG), an advisory committee tasked with exploring the creation of a municipality-owned bank, voted May 16 to advance what the San Francisco Public Bank Coalition calls an “actionable, sustainable, and practical plan” for the first municipal public bank in the country. According to the plan, the RWG proposal would first set up …