City Government

Council Committee Approves Feasibility Study for Public Bank of Oakland

Published

8 years ago

June 13, 2017

The City Council’s Finance Committee voted Tuesday to approve Councilmember Rebecca Kaplan’s request to fund a feasibility study for a Public Bank of Oakland and the larger region.

The resolution calling for a feasibility study was authored by Councilmembers Kaplan, Kalb, and Guillen. The resolution passed Tuesday will be forwarded to the June 20 City Council Meeting.

“A major benefit of public banks that cannot be overstated is the stability they bring just by their nature of being removed from the gambling forums associated with large, private banks,” said Christine McClintock, financial analyst and member of the local advocacy group Friends of the Public Bank of Oakland.

“We need an option that will give us and our neighbors the financial stability we are still struggling to achieve after the Great Recession,” she said. “This process may take a long time, even if we act immediately. Investigating the public bank option is financial responsibility.”

After hearing public comment, the Finance Committee voted to appropriate $100,000 from the fiscal year 2016-17 General Purpose Fund balance for a contract to complete a feasibility study on public banking in Oakland and the larger region, and authorize the City Administrator to negotiate a scope of work, terms, and execute a contract With Global Investment Company in an amount not to exceed $100,000.

The item passed with amendments, including specifying community involvement in the next steps.

“I was thrilled to see the outpouring of support for public banking. Creating our own institutions is a beautiful example of how we can strengthen our community at the local level, and continue to build a more just and inclusive society, even in the face of troubling signs at the federal level,” said Councilmember Kaplan.

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Oakland Post: Week of May 21 – 27, 2025

The printed Weekly Edition of the Oakland Post: Week of May 21 – 27, 2025

Published

7 hours ago

May 25, 2025

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IN MEMORIAM: Nate Holden, State Senator and Longtime Los Angeles Councilmember, Dies at 95

Los Angeles County Supervisor Janice Hahn described Holden as “a lion” in the State Senate and a force to be reckoned with on the Los Angeles City Council.” Hahn added that she learned a lot working with Holden when she was a new councilmember.

Published

6 days ago

May 19, 2025

Oakland Post

Former Los Angeles Councilmember and California State Sen. Nate Holden. File photo.

By Bo Tefu, California Black Media

Former Los Angeles City Councilmember Nathaniel “Nate” Holden, a prominent figure in the city’s politics, passed away at the age of 95, his family confirmed on May 7.

Holden, who represented South Los Angeles for 16 years on the City Council and served one term in the California State Senate, was widely regarded as a forceful advocate for his community.

Los Angeles County Supervisor Janice Hahn described Holden as “a lion” in the State Senate and a force to be reckoned with on the Los Angeles City Council.”

Hahn added that she learned a lot working with Holden when she was a new councilmember.

Holden’s journey to political prominence began in the segregated South, where he was born in Macon, Georgia, in 1929. He often recalled the childhood moment when he first heard the governor of Georgia vowing to continue suppressing Black people.

“Doing the best you can for the people. Law and order. Make sure that people’s communities are safe. I did it all,” said Holden, reflecting on his legacy.

Holden is survived by his sons, including former California Assemblymember Chris Holden, who represented a district in Southern California that includes Pasadena and Altadena in Los Angeles County and cities in San Bernardino County.

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Oakland Hosts Town Hall Addressing Lead Hazards in City Housing

According to the city, there are 22,000 households in need of services for lead issues, most in predominantly low-income or Black and Latino neighborhoods, but only 550 to 600 homes are addressed every year. The city is hoping to use part of the multimillion-dollar settlement to increase the number of households served each year.

Published

7 days ago

May 18, 2025

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By Magaly Muñoz

The City of Oakland’s Housing and Community Development Department hosted a town hall in the Fruitvale to discuss the efforts being undertaken to remove lead primarily found in housing in East and West Oakland.

In 2021, the city was awarded $14 million out of a $24 million legal settlement from a lawsuit against paint distributors for selling lead-based paint that has affected hundreds of families in Oakland and Alameda County. The funding is intended to be used for lead poisoning reduction and prevention services in paint only, not water or other sources as has been found recently in schools across the city.

The settlement can be used for developing or enhancing programs that abate lead-based paint, providing services to individuals, particularly exposed children, educating the public about hazards caused by lead paint, and covering attorney’s fees incurred in pursuing litigation.

Most of the homes affected were built prior to 1978, and 12,000 of these homes are considered to be at high risk for lead poisoning.

City councilmember Noel Gallo, who represents a few of the lead-affected Census tracts, said the majority of the poisoned kids and families are coming directly from neighborhoods like the Fruitvale.

“When you look at the [kids being admitted] at the children’s hospital, they’re coming from this community,” Gallo said at the town hall.

In order to eventually rid the highest impacted homes of lead poisoning, the city intends to create programs and activities such as lead-based paint inspections and assessments, full abatement designed to permanently eliminate lead-based paint, or partial abatement for repairs, painting, and specialized cleaning meant for temporary reduction of hazards.

In feedback for what the city could implement in their programming, residents in attendance of the event said they want more accessibility to resources, like blood testing, and information from officials about lead poisoning symptoms, hotlines for assistance, and updates on the reduction of lead in their communities.

Attendees also asked how they’d know where they are on the prioritization list and what would be done to address lead in the water found at several school sites in Oakland last year.

City staff said there will be a follow-up event to gather more community input for programming in August, with finalizations happening in the fall and a pilot launch in early 2026.