"Two thirds of likely San Francisco voters support the idea of a public bank, a new poll by the Public Bank Coalition shows. It's a pretty dramatic outcome for an issue that isn't even on the ballot. Hardly any proposal gets 67 percent support the first time voters are asked about it. The supes have approved the idea in concept, and a 2023 report shows it's feasible and not terribly expensive."
"Yet there is at this point no organized opposition, and Sup. Jackie Fielder is preparing to take the next steps to fund at least the beginnings of a municipal finance agency. The poll, by Underpin, a national consulting firm, found consistent support for a public bank across almost all demographics. Among millennial voters, who are the largest generation in US history, support was 75 percent."
"Most voters are more likely to support a public bank in San Francisco if it is a Green Bank. A green bank was defined as having an "initial focus on local renewable energy infrastructure, with profits used later for affordable housing and other community lending needs." The final two framing questions also noted the intended investments of a public bank in affordable housing, small business growth, and green energy."
A new poll finds 67 percent of likely San Francisco voters back the creation of a public bank. The Board of Supervisors approved the concept and a 2023 report found the idea feasible and not overly costly. Polling by Underpin shows broad support across demographics, with 75 percent of millennial voters in favor and more than 68 percent support even among those with higher risk aversion. Most voters respond more favorably when the bank is framed as a Green Bank focused initially on local renewable energy, with later profits funding affordable housing and community lending. No organized opposition has emerged yet and Supervisor Jackie Fielder is preparing initial funding steps for a municipal finance agency amid a tight city budget.
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