ASSESSING THE PUBLIC BANK SOLUTION
FOR GOVERNMENT FINANCE
Moving Beyond More Debt and Higher Taxes
AMERICA'S CITIES AND STATES NEED A
NEW WAY TO FINANCE THEMSELVES
Cities, counties and states are facing significant systemic financial challenges: an increasing need for capital with a diminishing share of revenue, sustaining unsustainable costs of borrowing, and dependence upon a financial marketplace that puts them at distinct financial disadvantage. With these pressures building, many are moving toward managing their public debt and gaining new sources of public credit by creating their own publicly-owned banks.
The prospect of more monetary flexibility and magnified monetary assets is hard for government executives to ignore. Isolated from political and special interests, these transparent and professionally-run depository institutions can become powerful, even transformative tools for addressing civic needs.
PBA: BRIDGING THE GAP FROM CONCEPT TO REALITY
ABOUT: CONTEXT OF THE PUBLIC BANKING SURGE
Creating a public depository requires a circumspect view of the legal, political and financial environment. The bars to entry to this world are many and not a few of them are rusted-shut through disuse, private prohibitions and historical ignorance. It is a path worth pursuing, but not without a guide.
PBA Advisors know the nature of these constraints and, like a diagnosing doctor, can detect chief obstacles in the space that will shape forward progress. So the planning process first requires a number of assessments that will determine what follow-on steps are appropriate and/or discover unexpected prerequisites that might later undermine an ill-considered program. Only when basic realities are evaluated can a prudent public planner or executive decide to move forward.
A relationship with Public Banking Associates can be phased to provide initial assessments that help determine the prospects for successfully creating a public bank. Or PBA can be called in at a later point to consult on or devise governance and management concerns, best practices, portfolio strategies, regulatory oversight, staff selection, or stakeholder relations. Or we will be happy to come educate your staff and or the public about what the banking proposition is all about.
In other words, Public Banking Associates offers to be a partner for your process at any point along the way, drawing upon the benefits of the foremost experts in the field to substantiate and guide the process forward.
Assessments of Concept Viability
Mission and Management
Operational Projections and Impacts
Institutional Systems Integration
Special Focuses and Service Strategies
Systems and Resource Development
Stakeholder Strategies and Engagement
Project Oversight and Management