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On The Record

Should Maryland Establish A Public Bank?

By Sheilah Kast,
Maureen Harvie
Published February 12, 2021 at 9:59 AM EST

Should Maryland establish a public bank? State Delegate Stephanie Smith of Baltimore City is proposing a task force to explore the idea. She’s driven by how the pandemic brought economic disparities to the surface. How would a public bank work? Could one help close the wealth gap?

Read the 2019 Abell Foundation report about municipal banking here.

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On The Record WYPR ProgramsOn the Record
Sheilah Kast
Sheilah Kast is the host of On The Record, Monday-Friday, 9:30-10:00 am.
See stories by Sheilah Kast
Maureen Harvie
Maureen Harvie is Senior Supervising Producer for On the Record. She is a graduate of the University of Maryland, Baltimore County, and joined WYPR in 2014 as an intern for the newsroom. Whether coordinating live election night coverage, capturing the sounds of a roller derby scrimmage, interviewing veterans, or booking local authors, she is always on the lookout for the next story.
See stories by Maureen Harvie