California News

L.A. Voters Reject Measure That Would Have Let The City Create A Public Bank

Bloomberg-


Los Angeles voters rejected a ballot measure that would have allowed the city to establish a public bank, which would have been a first for a U.S. metropolis.

About 58 percent of voters cast ballots against the charter amendment that would have started the process, with 78 percent of precincts reporting, according to the Associated Press.

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