In the name of economic development, Rio Nuevo and Pima County are poised to dole out $70 million in corporate welfare to two big corporations– $50 million to Caterpillar and $20 million to World View. Ironically, one day before the Rio Nuevo Board announced the multi-million-dollar Caterpillar package for Tucson, I posted this article on…
The Public Banking Institute (PBI) has initiated an educational project entitled “What Wall Street Costs America.” PBI and advocates around the country are learning to read Comprehensive Annual Financial Reports (CAFRs). All governmental bodies must issue annual CAFRs– including the State of Arizona (here), the State Retirement System (here), Pima County (here), Tucson (here), and Tucson…
Are you ready to learn more about public banking and how it can help Arizona businesses and people thrive? If so, you’re in luck. This winter, Arizonans for a New Economy (ANE) has two free public events planned: the Dec. 8 Sustainable Tucson Meeting in downtown Tucson and the Jan. 8 meeting at the Mountain…
Originally posted on Tucson Progressive:
Tucson is one of the most impoverished cities in the country—for many reasons. The Arizona Legislature—driven by the American Legislative Exchange Council (ALEC) and short-sighted, “small government” ideology—has routinely swept funds earmarked for counties and cities to “balance” the state’s budget or fund pet projects like lower corporate taxes. Beyond…
At the April 8, 2014 meeting of the Tucson Mayor and City Council, the President of Alliance Bank of Arizona, Duane Froeschle described how his bank used $5M deposited by the City of Tucson in his bank to lend $9M to local businesses. Councilman Kozachik stated in all, 16 loans were made under the program.…
Following the Wall Street crash and the housing market collapse a few years ago, the Move Your Money campaign encouraged millions of Americans to take their money out of big commercial banks and hold the funds locally in credit unions and community banks. Is it time for state governments to move their money? Across the…
Arizonans for a New Economy 