All Portland-Metro residents have the right to live in a city in which economic policies advance the needs of the many, not the privileged few. Public goods should be expanded and economic development should increase democratic decision-making and participation. The right to collectively bargain should be protected.
POLICY #7A: MUNICIPAL BANK. Ordinance establishing a city-owned Municipal Public Bank that keeps our money in Portland, investing in the things we need, and creates new non-tax revenues for our public treasury in the process. Our municipal bank’s mission is to serve the interest of the people of Portland to create healthy, secure communities through affordable housing, low-cost student loans, small business lending and greatly reducing the cost of public infrastructure. The municipal bank would partner with already existing community banks and credit unions. A public bank could help end the cycle of more debt, more taxes, and cutting of public services.
POLICY #7B: MUNICIPAL BROADBAND. Seeks to create a publicly-owned and operated fiber optic broadband internet utility—built to serve our community. Municipal Broadband will protect Net Neutrality, provide gigabit speeds at lower cost than current large monopolistic internet service providers, and will create a modern infrastructure that will provide technical and economic benefits to Portland Metro residents and businesses for decades. The buildout of the fiber network (funded by bonds and paid back over time by subscribers) and operation of the internet utility will create family-wage STEM jobs and generate economic opportunities for marginalized and under-resourced communities, including communities of color—and subsidized broadband will help close the current gap of the 30% of low-income households without broadband.