Measure B Could Eventually Keep Your Local Tax Dollars Out of Major Private Banks ~ L.A. Taco Voter Guide, Part 4

Here’s Part 4 of our L.A. Taco Voter Guide, focusing on Measure B, a city initiative that could open the doors for a Los Angeles public bank.

[dropcap size=big]S[/dropcap]hould Los Angeles have its own public bank? Measure B asks voters in L.A. if they want to amend the city’s charter to allow the City Council to look into the possibility of creating one: a city-operated financial institution where all public funds could be directed instead of to private banks.

The measure doesn’t allow the city to create a public bank outright. It just allows it to research the possibility of creating one in the future. But the intent is clear; supporters want an eventual public bank to handle all of the city’s public money, including your tax dollars.