Supes to vote on public bank—and we can start to talk about ways to fund it

Deep in the Board of Supes agenda for Tuesday/28 is a resolution offered without committee reference that could move forward a plan that alter municipal finance, affordable housing, and ultimately, banking in San Francisco.

Sup. Jackie Fielder is asking the board to approve a resolution calling on the city treasurer to move forward to create a municipal green bank. The supes have already approved the concept, and Fielder has five cosponsors, so unless one member objects and demands that the proposal be sent to committee, this will pass.

That would start the process of figuring out how to pay for what could become the country’s first municipal bank. The idea is overwhelmingly popular among residents, polls show, and would only need about $20 million to get off the ground.

From the resolu