Philadelphia Public Banking Coalition
Investing in Community
By Philadelphia Public Banking Coalition on
Letter to the Editor by Ray Torres, published in the Philadelphia Inquirer on December 14, 2021 As we struggle to respond to gun violence in Philadelphia, and as tempers, blame, and recriminations heat up, a recurring theme is the need to invest in our communities. If every community in the city had well-resourced schools, libraries, rec centers, and parks, and… Continue reading "A public bank would keep resources in our community | LTE"
By Philadelphia Public Banking Coalition on
Letter to the Editor by Susan Windle, published in the Philadelphia Inquirer on October 12, 2021 It’s great to hear that the School District of Philadelphia has negotiated a lower interest rate for its $400 million borrowing plan (Oct. 8). But it’s worth asking who will benefit from that interest – which comes to a total of $203 million over… Continue reading "Public Bank Solution for School District Borrowing | LTE"
By Philadelphia Public Banking Coalition on
Letter to the Editor by Kay Lasker, published in the Philadelphia Inquirer on August 17, 2021 It is heartbreaking to learn that the country lost 41% of Black-owned businesses in the spring of 2020, and I applaud the African American Chamber of Commerce for supporting such businesses (Aug 12). I retired after 38 years as a small-business owner, so I… Continue reading "Support a Public Bank | LTE"
By Philadelphia Public Banking Coalition on
Editorial published in the Philadelphia Inquirer on July 7, 2021 Councilmember Derek Green’s proposal for a public bank is an idea that Philadelphia should consider. by The Editorial Board Published Jul 7, 2021 Philadelphia has been making little progress on promoting Black businesses despite many efforts. A public bank, an idea that got some traction in the 2019 City Council election, might… Continue reading "Public bank could help Philly overcome troubling racial wealth gap | Editorial"
By Philadelphia Public Banking Coalition on
Letter to the Editor by Stan Pokras, published in the Philadelphia Inquirer on June 15, 2021 Can’t we trust our public officials and out civil servants to handle money at least as well (or better) that commercial firms? If anybody has any remaining belief that the private sector is more trustworthy than the public in handling our money, we need… Continue reading "Keep PSERS funds in public bank |LTE"
By Philadelphia Public Banking Coalition on
Letter to the editor by Deb Figart, published in the Philadelphia Inquirer on March 5, 2021 Vanessa Lowe and Stan Shapiro (“Bring our money home. Philly needs a public bank,” March 2) point to ethical and antidiscriminatory lending practices that a public banking authority would bring to Philadelphia. There are considerable economic benefits, too. The public bank would spur economic… Continue reading "Economic benefit of public banks"
By Philadelphia Public Banking Coalition on
Letter to the Editor by Beth Finn, published in the Philadelphia Inquirer on Oct. 25, 2020 In reference to “Billions in aid funds are untouched” (Oct. 20), it is sobering to learn that of all the states and municipalities in the country, only Illinois and New York’s Metropolitan Transportation Authority have taken advantage of the opportunity to get funding from… Continue reading "Public bank could help businesses get federal aid"
By Philadelphia Public Banking Coalition on
Letter to the Editor by Pamela Haines, Published in the Philadelphia Inquirer on Oct. 9, 2020 In reference to the need for financial assistance in building low-income housing (Inquirer, 10/7) another way to fund such critical needs is through the establishment of a Philadelphia Public Bank. Last year the city paid $174 million in interest alone, on money that we… Continue reading "Housing Investments and Public Banking"