Democratic Club 8-15-2019

Oakmont Democratic Club

More Money for Housing, Less for Fossil Fuel? Public Banks?

August 22 at 7 PM at the newly renovated East Rec Center, the Oakmont Democratic Club will resume its regular general meetings with a presentation on public banking.

A team of local civic leaders are pushing the City of Santa Rosa to create a Public Bank that would give the city control over its own investments. Many cities across the nation are currently exploring the use of public banks as a way to divest from questionable investments in fossil fuels and border incarceration and instead invest their assets in addressing local needs. The banking lobby is actively opposed.

Chris Petlock from Friends of Public Banking will outline how this might work at the Thursday, August 22 7 p.m. meeting of the Oakmont Democrats. Petlock has over 20 years experience as an administrator and finance officer with public agencies, non-profits and private sector companies.

California’s AB 857, now moving through various committees, would make it easier to develop public banks in the state. Santa Rosa City Council has

unanimously approved a resolution supporting AB 857.

We look forward to an interesting and provocative presentation. All are welcome. REMEMBER: Dems meetings are now at East Rec.

Several teams of Oakmonters have been working on various issue campaigns. A “Persisters” team is working to encourage voting in North Carolina and other battleground districts through postcards. Another team has been advocating that our City Council act on several issues to reduce our city’s greenhouse emissions. So far results have been positive but more needs to happen. Find out what you can do to help.

The ODC Board decided to move the regular monthly meeting to the FOURTH THURSDAY of each month and meetings will now be held in the East Rec Center.

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