>> voice of translator: she is here in support of her grandchildren. she is -- she wants to make sure that her grandchildren have a strong future, and that is why she is here fighting for that. she just doesn't want them to be on the streets. [speaking spanish] >> voice of translator: she just wants to provide good loans for the future. >> thank you. >> next speaker, please. >> hello. i am part of district 11, i'm here to ask all the supervisors to pass this unanimously to make this, from start to finish, the

easiest possible that we can. i have two daughters. i am a single mother. i know what it is like. i am hoping that the use affordable loans for students will leave them without debt, unlike much of my friends and family who are in debt. i also have a vision that the public bank will help see affordable housing, not just any kind of housing, we are talking about affordable, accessible housing for low income families pick the families that have been the backbone of the city. thank you. please see it through. >> thank you for your comments. >> good afternoon, supervisors. i am also here to speak in support of the public bank. we are doing business with corporations that are funding dirty and polluting pipelines that produce climate change, that invest in weapons, war and private prisons, that are providing predatory housing loans that provide -- that target working-class and communities of color.

is absurd that we are banking with banks that defrauded our communities and perpetuate these crises. earlier this week, we heard mayor breed that this is the city that can do, and knows how. now is a time for a big and bold solutions. the really imaginative one spirit that is why we have joined the san francisco public bank coalition, we understand we are long overdue for the kinds of solutions that can make a real difference in the lives of everyday san franciscans. such as financing and scaling up affordable loans for city college of san francisco state students dog providing affordable financing to expand in a huge way with the production of affordable housing, affordable loans for mom-and-pop enterprises that hope to be the legacy businesses of the future, and affordable financing to ensure we scale up our renewable infrastructure in san francisco. the list goes on. we have an opportunity to

reclaim public monies and put them under democratic control. all of this for the public bank institution that can invest in racial justice and community health and well being of san francisco. the time is now, and we look to you to take action. >> thank you for your comments. next speaker, please. >> my name is peter. i am in district five. i asked the whole board to support supervisor if you attach a resolution to support the creation of a public bank license. i want the city to enact a public bank that will put the city to work for small businesses, green energy, homebuyers and students in the city, and not disinterested disinterested profit-seeking bankers on wall street. thank you. >> thank you. >> good afternoon, supervisors. i am with lawyer's committee for civil rights in the bay area. i asked the board unanimously adopted supervisor if you are

a's resolution regarding the public bank. the lawyer's committee for -- are proud to be part of the coalition, as well as a banking alliance, and we have served on the treasurer's task force to explore the feasibility of a musical -- municipal bank. we testified in sanford his -- in sacramento at the public hearing on public banking, and in sacramento, they really are eager and curious to know what stand san francisco will take on this, and where san francisco will go with regard to an indication from the board about exactly this resolution. in sacramento, we are looking to pass legislation that would allow cities and counties to pursue their own chargers to create public banks. we thank you for this consideration. >> thank you for your comments.

>> good afternoon, thank you for hearing us today. i'm also here to urge your support for the resolution that supervisor viewer is introducing about the public banking license i was at the ideas on saturday. it was beautiful to see how many san franciscans came together to speak about our city. unfortunately, we did not really speak about the economics of it, and i grew up in a country where i grew up in spain. i grew up in a country where social services are provided by the state, and i see how good things can be when there is a public bank behind things in the words of alex pfeffer last saturday during -- he was saying, nothing that we are doing is fast enough for the speed we need to be promoting change.

climate change is upon us. we are a city that is on the water. we need to act, and i believe that all the resolutions that we want to put forward will be helped immensely by that. having money in a public bank that is our own, that is the city's taxes, our constituents would see the results of the money going to us, so i urge you to support this unanimously, and help us move it forward. thank you. >> thank you for your comments. next speaker. >> good afternoon. i made district ten resident, in the electoral cochair of the san francisco democratic socialists of america. i'm here to speak in adoption of the it public bank measure, specifically the public benefits of community investment in a public bank. we talk about divestments as a benefits. we know the current general fund goes to the big banks. they put that into predatory loans and investments that are

hostile to the businesses of san francisco. shark no shareholders around this country and around the world have more control of the san francisco economy and people's livelihoods and our residents to, and we note the city made huge financial concessions to address business to the city, but we know the people san francisco get little from that. with a public bank, we can invest in businesses in san francisco, and gain control through holding those shares the same as any private investor would, we can use that power democratically on our own behalf, ending inhumane practices, forcing them to pay their workers more, and heed the well-being of our residents and our environment. secondary, when the market crashes, his everyday people who lose their homes and businesses. a conventional bank or investor or board will sell shares as soon as they lose value. they have an obligation to their shoal hook go shareholders. with a public bank, we can invest with democratic goals in mind. in our own corner stores and restaurants and offices, in the next on the market crashes, we

can weather it, and have a safe and secure people. lastly, we can give venture capital and early loans to cooperative and locally owned businesses. keeping them in control in san francisco, and in the hands of the working class, freeing us from our obligation to make decisions based on the interest of the few who have no qualifications to be deciding what happens in our lives, other than their wealth. we believe in democratizing the economy and extending the promise on the premise of the american constitution to our everyday lives. moving forward to, the public bank is the best way to do this. thank you. >> thank you for your comments. next speaker, please. >> my name is michael. i work in the tech industry. i have lived your intent -- for ten years. i love this city, i'm so excited by the vision that the public bank coalition has put forward to. or just mentioned it is hard to look ahead 100 years in the future and see the institution that our bank could become, it is equally hard to look at the

present and comprehend the idea that this vibrant and diverse loving city is collecting tax money and depositing it with institutions that uses to fund dirty oil that hurts our health and for-profit private prisons. let's create an institution that we use our money on investments that are sensible and prudent and serve the city in the same way as our existing banking system, would also help scree the public housing and the local business, in the educational opportunities that we all want for our city. i hope everyone of you will support the development of the public bank every step of the way, and create an institution that will serve the people and support our values. and q. >> thank you for your comments. next speaker, please. >> hi, my name is rick. i live in district nine. i'm a member of the san francisco public bank coalition, as well as you esf. i would like to thank supervisor viewer, ronen, mandelman, haney, mar, and peskin for sponsoring this resolution to acknowledge

the need for public banking. a state charter for public banking. ironically, i live on banks street. [laughter] >> on banks street, my little block, i have seen it two families, to african-american families lose their homes in the last two years to predatory banking. this is not acceptable. i find it interesting that while the banks have been unable to find the money to adjust the loan to keep people in their homes, they have been more than willing to loan money to people who buy those homes and flip them over for profit. that really disgusts me. i've seen two families. they both lost their homes. now they are being flipped. i think that is why i would like to see a public bank in san francisco, and why i think we need it. and i applaud you for making the

first step in that process of getting that happening. >> thank you cap next speaker, please. >> good afternoon. my name is max stewart. i live in district four, and i live in district five. i urge you, and appreciate your support for creating -- for having the state legislature to allow for the creation of a public banking charger. i am for a public bank for san francisco itself, for the distinctive -- for public housing. we can afford to build it with reasonably priced loans. think of the infrastructure we could build. think of the social justice we can implement. and having an oversight over our economic investments.

once again, thank you. >> thank you. next speaker. >> good afternoon, supervisors. i live in district ten. i too am in support of promoting the charger for public banking in san francisco. i want to thank -- i want to recognize the caretaking of this territory for so many years, and recognize the people, the tribal people that were at standing rock that called attention to where our money is going that is invested in the corporate banks. that led me to search -- to find out that my bank in my neighborhood, it was the second largest contributor to the dakota access pipeline. my concern is that we need

public banking, that will democratize the decision-making for where our tax money goes, and how we build money from our tax money. i am a retired san francisco unified school district teacher. i still work as a substitute. i have seen it so many young teachers leave the district because they can't afford to live here. we need a mechanism, such as a public bank, to be able to promote affordable housing, to help fund education so that we are not pitted -- so the needs of our community and workers are not pitted against each other. so the public housing and educators' needs are not pitted against each other. together, you and i, and us and we need a public bank for our city. thank you.

>> thank you, next speaker. >> hello. my name is david, i live in district eight,, for almost ten years. the imperative to form a public bank has a dual nature, the good and the bad. we know that having our tax money tied up in private banks means we are indirectly supporting whatever private banks support in the name of profit. fossil fuels, assault weapons, and weapons of war. and we know good effects of a public bank, where our resources could float flow back into making a positive impact. affordable housing, renewable energy, small business development, low interest student loans. we know that as human beings, neighbors and taxpayers, we are part of a larger system. to have our resources flung into the military industrial complex is grotesque and unnecessary. our taxes should be held in a public bank to produce democratically determine social goods. i urge all of you to vote in favor of this resolution. thank you. >> thank you for your comments. next speaker.

>> good afternoon, again. i am also with the democratic socialists of america, the san francisco chapter. i like to speak in support of supervisor viewer's resolution. i like to think my own supervisor, who has already signed on to the resolution, i have lived here eight years. i believed in the image of san francisco that we have in the country as a beacon of progressivism and inclusivity, but in my time here, i have only known a san francisco that has put the profit of the few over the good of the many. i have to question the value of our progressive politics if those politics do not work to uplift our most vulnerable and marginalized communities and only work to push them out. we need to allow everyone's participation in the prosperity that currently only a certain

subsector subset of our residents enjoy. i will echo supervisor viewer's own words. there is no social justice without economic justice. i urge you all to sign on and support this resolution and initiative, and show that the city truly deserves our progressive reputation. thank you. >> thank you for your comments. next speaker, please. >> good afternoon, supervisors and clerk. i am here to support resolution 504 the licensing of a public bank. like you, i'm a community activist. i care about the social justice and quality of life in the communities that we live in. i hear you every week at your meetings struggling with the making those decisions real, priorities, and i heard you today, trying to make decisions to make those priorities real, and we can do this, and we can

do it better with a public bank if we take our money, and go for local control and local values and how we invest our money. i know you will do the right thing. thank you for voting unanimously on this. >> thank you for your comments. next speaker. >> good afternoon, supervisors, happy new year click my name is terry. i am part of the climate justice community, the bayview hunter's point child support on the public bank coalition. i urge you to vote in -- it would move san francisco to create a public bank. creating a public bank will allow us to support public housing defund clean energy company will be lifesaving or key ascap divesting from wall street is actually a matter of life and death. everything that matters is on the line, and everything that matters will benefit from a public bank. one, having a public bank will allow us to divest from fossil

fuel corporations who are presently killing all life on earth. to, a public bank will allow us to divest from private prisons that are putting people in cages until they die from their suffering. three have a public bank will allow us to divest from weapons, manufacturing, it is one of the most toxic industries on the planet. san francisco is one of the most wealthy cities in the world. us plenty of money here to provide startup costs here is so much money here. stops in the public funds collected in the city should be collected in a way that benefits deficits go, is benefiting the 1% you are totally out of touch with the needs of san francisco thank you can you view comments. next speaker. >> good afternoon. my name is annie, i was born and raised in district five in san francisco. when i was going out to be from a city that often stands as a

progressive leader in the fight for economic, and environmental justice. however, i believe these values are purely symbolic, unless the city does not notion unless the city controls where his money is invested. i hope you will pass supervisor viewer's resolution to create pathways for the creation of a public bank so we can finally align our city's capital investments of the values we claim to hold. thank you. >> thank you. next speaker. >> afternoon, supervisors. i am a relatively long time residents of district eight. i am here today because money talks. i know that sounds like a cliché, but it is true. money talks, and cisco's money has been talking very loudly in support of fossil fuels that are destroying the planet, weapons that are killing people around the globe, in private prisons that are profiting off of our racist systems of massive corporate -- incarceration and immigrant detention.

i don't think that reflects the values of any one of the supervisors here, or anyone in this room, for that matter. is why we need a public bank. it is time that we put our money where our mouth is, and we support green energy. we support affordable housing and local businesses. we find a low interest loans to our students so they can afford education. san francisco charge of money is talking. what do we want it to say? with a public bank, we can ask that question. i urge everyone today to vote unanimously in support of supervisor viewer's resolution. >> thank you for your comments. next speaker, please. >> my name is julian. i was, on my son still is a d9 resident. i am trying to get back into the city. i will try and keep it simple because you have all heard plenty of great reasons why we should have a public bank, and

why we should not continue banking with wall street. for anyone who is serious about equitable, just, sustainable development, and preventing climate change, it is a win-win for pretty much anyone, except for the banks. we currently bank with. the bank will allow us -- the bank itself can invest in equitable and sustainable projects, and generate revenue for the city without having to raise taxes are passed upon measures. all of that stuff they usually does usually pisses the voters off when you want to raise revenues for the projects of the city needs. i want to encourage all of the supervisors to support the resolution, and help the coalition and trying to establish a public bank. thank you. >> thank you for your comments. next speaker, please. >> hello, i am in district nine. everyone has said everything i would have said by now, i want

to say it is so clear we are at a turning point in our country, in economics, in crisis, and all of these problems, but we have these youngsters who have got great ideas and they are smart enough to pull these things off. i think i have left san francisco for 50 years. it has been a beacon, and i think it needs to be a beacon to the country. having given out many leaflets in my time, i want to say this is the only one i ever gave out where someone turned to me and said, this is a no-brain or. please support this. >> hello, i am in district nine. we have a small business. for the past 41 years, we have been getting loans that have been at 18% interest, and we have been going to loan sharks who come into our business, and wait for us to pay them their money.

we almost lost our building, the whole building, to an accountant who was doing the accounting for my sister when she was running the business. we have had that history, and we haven't had a place to go to to see a friendly face, and ally, someone who educates us on what we are doing, and how to spend our money, and where to look for these loans. when i was invited to speak as a public community business member, i didn't know that it also included the idea of taking out money from fossil fuel industries et cetera. i fully support that whole idea as well. in closing, i want to say that a public bank would help a lot of remaining businesses who are latino-owned, and help them, encourage them, and keep them in

the neighborhood, it also opened the doors for tic for people to be able to get gathered together, and by their own homes using that tenant in common right of doing it. again, if it would mean that you guys would help small businesses in the mission to continue to live there, end as well as come back, i know there's a lot of housing coming up pretty soon in the mission, and i'm sure they would also like to perhaps owned their own businesses well as live in the mission district, so a public bank would surely do that. thank you. >> thank you for your comments. next speaker. >> hello. my name is michelle. i was born and raised in san francisco. i started my cannabis business here, i support the creation of a public bank to help all mentioned before me, but also to create a safer path forward for the cannabis industry.

this could create safer transactions, help us get funded as a new industry, and help control the illicit market. we have embraced cannabis, we should put supported all the way. thanks. >> thank you. next speaker. >> hello, board of supervisors. my name is monica. i don't usually come to these meetings, but i am very interested in a public bank because banks did used to be local, and there weren't layers, and layers, and layers of decision-making that now exist with the corporate bank structure. i think that if we had a public bank, there would be a lot of transparency. there would be -- the decision-making would be localized, and the decisions would be made by the community, the actual people, rather then the so called citizens united

meaning the big corporations who use cities as a form of laundromats for their big investments. san francisco is a city with the most -- with the greatest credit it is a good idea to start with this as soon as possible, especially before there is some kind of crash, which there will be, and thank you for thinking of this, and taking it into serious consideration. thank you. >> thank you. next speaker. >> thank you. it is an interesting week for myself. i finished reading a book called black elk speaks. a 10-year-old boy in the indian nation, never saw a white man.

by the end of his life, the american indian civilization has been destroyed. the native american were destroyed. at the same time, i was listening to three different shows on the radio. they have men who wrote a book called to the end of ice. basically, what i got out of it was that we are titanic right now. that said last week, i was here and i rattled off a list of things to do, but supervisor, his -- supervisor stefani had the talk about noise, and here is a neighborhood -- this is a concrete wall. this was a concrete wall, this was removed in big chunks. what they do is they get a

little tractor with powder on it to, and it is called tripping. they take the big concrete pipes, and they get little pieces into a big truck. it is called chipping. you hear it all day long. it should be outlawed. at the end of the session, with three seconds on the? , i ran out of time, and i wanted to -- as you can see right there, a road best public bank. the keyword is robust. we want to do as much as we can with -- as close to a democratic bank as we can do. thank you. >> thank you for your comments. next speaker. >> hello, my name is christopher

i work for q. foundation. i am a longtime san francisco resident. after living here for many years , i became injured and homeless. i was homeless until last july. i had a lot of time to think about the problems of homelessness in this city. i support public banking for many reasons, but i want to talk about this. i understand the problem of homelessness is not a problem of business and property owners being inconvenienced by human feces and people sleeping in the streets, as many people here talked about earlier. it is the outcome of international finance capital and the hyper commodification of housing, and the profiteering off of basic need. homelessness is an economic issue and we need to attack it

as such. i see public bank as the infrastructure that will be needed to support future social housing and de- commodified housing projects in san francisco that wall street banks never would touch. that is because of this that i support the public bank, and i want you to support the resolution to support the bank as well. thank you. >> thank you for your comments. next speaker. [speaking foreign language] >> my name is jackie, i am a district for resident, cofounder of the public bank coalition, part-time lecturer at san francisco state, and the college of ethnic studies. thank you for your attention. this long meeting -- i think i also want to point out that we were able to get more than 25

people out consistently from tpm, which is in the middle of a workday for a lot of working-class people in the city, and to have most of those people stay for public comment. for a resolution, no less, it speaks to the urgency, and the passion that this coalition, and our partners have for public banks. for those of you who are on the side of already supporting the bank, thank you, and we look forward to working closely with your offices on more concrete resolution in the future, legislation in the future. for now, we need your support in getting the state legislatures to push for a public bank option so that not only our safety, the cities around the state can have the ability to divest from all of the negative industries that we don't agree with, and also invest locally, and keep that

money in the state of california, in our local economies. we have businesses closing down every single week. we have people sleeping on greats. we have people sunken, indentured servitude for the rest of their lives. it is because of the fact that we are sitting on $10 billion, and letting all of that slipped out of her hands in the hands of wall street banks who don't necessarily live here, we don't care about the people who we see every day, and it is obviously a no-brainer. thank you for your support, thank you for your continued attention. we look forward to working with you this year. >> thank you for your comments. next speaker, please. >> good afternoon. and executive director of library users association. two thursdays to go, on january 17th, the public library commission approved changes to

funds, but not fees. the library presented its fines and not fees, recommendations in a 41 page report. fines and fees disproportionately affect the poorest people the most, and do so in a very negative way. anybody owing more than $10 in fines and fees cannot borrow any materials from the library. also cannot request materials from other libraries through link plus. it is a very serious negative removal of services from the library. one of the library commissioners who voted against the resolution on the 17th said this was a inconvenience, the inability to borrow as i have described.

the library worked works with the financial justice projects of the tax collector, tax and treasury department, which is in business, and you have endorsed through a gift. their work on behalf of reviewing what do fines and fees due, particularly with respect to their impact, disproportionately on the poorest folks in town, but they apparently went along with the library's restriction that that tightly only wanted to look at fees. the library's proposed legislation also does not relieve the fines and fees of previous -- that have been previously accumulated by library users, and it doesn't affect the fees that are four times heavier burdens on the public than fines. we ask you not to approve anything without -- >> okay, any other public comments?

seeing none, i will declare that public comment is now closed. madam clerk, i believe the ballot -- >> i don't believe it has been returned yet. >> it has not been returned. all right. hold on a second, let me see if i can find my notes. colleagues, can we take item 50 and 51 out of order? madam clerk, please call the for adoption without committee reference calendar. >> mr president, a seep supervisor fewer's name on the roster. >> supervisor fewer? >> i would like to sever item number 50. >> all right. so, why don't we call item 51 right now. >> item 51 is a motion to

approve final transfer of 9597, and adopt the appropriate findings. >> okay. colleagues, can we take this same house, same call? without objection, this motion is approved. can you read out item 50? >> is a resolution to urge california state legislators to enact legislation amending the government code to enable local agencies to create public banks through, at an option for public banking charger. >> okay. supervisor fewer class. >> thank you. thanks to all the cosponsors for your support on this resolution, to encourage our state legislators, to create a pathway for public banks. supervisors ronen, mandelman, haney, peskin, marr and walton. thank you for coming up today and making your voice heard in support of a public charter. as a city and county of san francisco explores the creation

of a municipal public bank, we know that one of the major obstacles is that the state of california does not currently have a public banking charger option, weather at the municipal, regional, or state level, and we are looking to change that. yesterday in sacramento, the assembly banking and local government committee held a joint informational hearing on public banking, where they consider the proposal from the california growth public banking alliance. it is to create an option for a pathway for local agencies to create public banks through a special purpose public bank charter. i understand that the discussion was fruitful, and it is evident that there is wide support for this legislation from across the state, in this resolution will put san francisco on record, calling for a public banking pathway as well. colleagues, i'm introducing nonsubsidized amendments informed by the treasurer's office, and i have provided copies for all of you.

the amendments are urged page 3 lines 5-7, language clarifying we would request the mayor and the city county lobbyist to support these efforts to create a pathway for a public banking charger. page 3, line 9-11, this language clarifies that we are in support of a public banking -- this does not permit us to eight position. i hope you can support these amendments and vote to pass this resolution unanimously today, a public bank with public goods. it is about time. >> i just want to be added as a cosponsor. please. thank you supervisor viewer for all of your leadership on this matter. and thank you to all the members who came out and publicly commented today. >> supervisor walton? >> i want to thank supervisor

fewer for putting this forward to. i can remember a few moons ago when we were on the board of education and talking about the importance of a public bank. it is exciting to be able to work with her on this moving forward, and i also want to say that i'll be working hard to work with all of our cosponsors and the rest of our colleagues to work with state representatives to get something going at the state level so that this can really become a reality >> supervisor stefani? >> thank you. i would like to add my name is a cosponsor and thank supervisor fewer for her leadership on this. we have had many hearings on this last year in the budget and finance committee, and i expressed my support then. thank you again for all your hard work. >> supervisor fewer, i would like to add my name as a cosponsor also. supervisor fewer, did you read out amendments, --

>> i did send a copy to each of you, the amendments, i actually summarize them in my speech. >> okay. then supervisor fewer has made a motion to amend the resolution and is there a second? supervisor mandelman? can we take the amendments without objection? without objection, the amendment passes. [cheers and applause]. >> weight, we are not done, we are not done, calm calmed down. the amendments are approved. can we have a motion to approve item 50 is amended? made by -- motion made by supervisor fewer. yes. and seconded by supervisor brown okay. without any objection, this item is passed as amended. thank you very much. [cheers and applause]

>> let's see, i believe we are not ready to hear 46 yet. >> that is correct. >> what we would like to do now is go and hear -- >> close session? >> let's go to close session. >> item 49 is a conference with a labor negotiator his. this is a close session for the board of supervisors to convene today with the mayor's office, and the department of human resources under administrative code section 67.10 subsection e., on the california government code section 54957.6 regarding negotiations with labor unions representing city employees. >> okay, members of the public, we will now be convening in close session. we ask you to pleas leave the chamber, and after close

session, we will reconvene as a regular board meeting. item 46, at that point, will be heard. thank you.