The bad news was that their bill, which would have created a public bank for municipal infrastructure projects, didn’t make it out of committee. The good news is that the bill’s House and Senate sponsors are eager to refile it in 2021.
More good news: the project’s advisory committee has grown, with the addition of expertise on community organizing and urban planning, and a new co-chair, Alliance for Democracy vice co-chair Ruth Caplan, formerly a coordinator for the DC Public Banking Center. Ruth was the editor of our Spring 2014 issue of Justice Rising, focusing on public banking and the role these banks play in protecting local economies. (link) Ruth relocated from Washington DC to Boston over the winter, and for someone with her experience working on democratizing finance, getting involved with the state’s public banking campaign was a given.