January
2022
14
New York’s approach to economic development desperately needs a reboot. We spend billions of dollars annually on wasteful corporate subsidies and tax giveaways – in the process diverting much-needed resources from higher education, transit, health care and other investments that would advance equity and economic opportunity in low-income neighborhoods and communities of color.
January
2022
12
NY State of Politics — Advocates on Tuesday began another push to approve a measure creating a regulatory system for public banks in New York state in order to bring more financial institutions to underserved communities.
December
2021
16
Brooklyn Eagle — The city is missing an opportunity to create affordable housing, claims the Abolish the NYC Tax Lien Sale Coalition, making its statement ahead of the city’s tax lien sale this Friday.
December
2021
16
Next City — Marcus is a disabled, 66 year-old Vietnam war veteran. He lives in a house in the East New York neighborhood of Brooklyn that has been in his family since the 1960’s. An only child, he inherited the home when his parents passed, his only piece of generational wealth. But after falling behind on property taxes, the city placed an $11,000 lien on his home. That lien will be sold to a third party, making the debt nearly impossible to pay off.
November
2021
22
Fresh off his electoral victory, Eric Adams declared that his administration will look abroad for policy solutions to New York City’s myriad social and economic problems. “Let’s learn what they’re doing there so we can do it here,” he urged.
It just so happens, there’s a broad-based citywide coalition pressing for a bold policy solution that is common throughout the world: public banking. Bringing public banking to New York, as a proven strategy for addressing racial and economic inequality, should rank among Mayor-elect Adams’ top priorities.
November
2021
19
Though Adrienne Harris has quite a resume — she was a special assistant to President Obama for economic policy and she currently serves on the faculty at the University of Michigan — a coalition of 25 groups, including Citizen Action and the Western New York Law Center is urging Gov. Hochul to rescind her nomination.
November
2021
18
This afternoon the NYS Community Equity Agenda, a coalition of more than 40 community, labor, and civil rights groups, cooperative organizations, and community development financial institutions from across New York, released its policy priorities for 2022.
September
2021
1
Our Andy Morrison joined WBAI’s Living for the City to discuss the movement for public banking, community land trusts, and more.
May
2021
31
Gotham Gazette- Reopening the door to Wells Fargo suggests that city officials have not learned the lessons of the past year, or decades. In the face of New York’s severe affordable housing shortage, climate devastation, and extreme racial wealth inequality—all exacerbated by COVID-19—we need bold action.
A public bank would build wealth and power in communities hardest hit by the pandemic. It’s needed now more than ever.
May
2021
27
Members of the Public Bank NYC coalition and the NYC Council slammed the NYC Banking Commission’s decision today to approve Wells Fargo’s request to resume holding New York City deposits – potentially billions of dollars. The Banking Commission – composed of the Mayor, Comptroller and Commissioner of Finance, and charged with selecting which banks may hold city deposits – voted today without allowing any input from the public.