New York Post · July 9, 2026
San Francisco eyes public bank inspired by North Dakota
National coverage of the unfunded $325 million startup cost, the city’s deficit, and the North Dakota comparison.
National coverage focused on the unfunded startup cost — on the order of $325 million before loans — and the comparison to the Bank of North Dakota.
North Dakota’s bank is a century-old state institution in an energy-revenue state. It is not a city bank written into a municipal charter in a deficit year.
If the national headline is “San Francisco eyes a public bank,” the local fact is that Prop B still has no funding plan.
Original reporting: New York Post.
All Prop B San Francisco news · What Prop B is
Vote No on Proposition B.