Mayor Kenney should act on city’s public bank

Posted 9/8/22

I read with great interest the article on using our public dollars for public good – in Haiti and Philadelphia.

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Mayor Kenney should act on city’s public bank

Posted

I read with great interest the article on using our public dollars for public good – in Haiti and Philadelphia. As an advocate for keeping our tax dollars at home to promote public welfare rather than sending them off to Wall Street banks, I am extremely concerned by our mayor’s wholly illegal inaction in this regard. He is required, by a law passed in March that he did not veto, to appoint a nine-member board to enable the incorporation of a Philadelphia Public Financial Authority with the ability to create a public city bank. He has refused to make the appointments, in blatant disregard of the law of his city. His own Law Department cooperated in the creation of the language of the law. He had the opportunity to express his disfavor in a veto. Yet he has chosen inaction, assuming that nobody will notice or call him out. Let’s be clear: Mayor Kenney is breaking the law – and the citizens of Philadelphia are suffering as a result.

Pamela Haines

West Philadelphia