News

Monday, June 17, 2019

The Assembly and the Senate of California recently approved a budget that will finance the second year of tuition in community colleges to low-income students in the state.

The budget expands a fund created by AB 19, which provides one year of free tuition at a community college as of 2018. The budget of almost $48 million dollars will allow the financing of a second year of free studies for all students enrolled for the first time full time.

"The budget we sent to the Governor today is a huge win for aspiring college students in California," said Assemblymember Santiago. "The exorbitant cost of higher edcuation will continue to deepen the income inequality so many Californians are experiencing today, unless we do something about it."

Monday, June 17, 2019

Assembly Bill 857 by Miguel Santiago, D-Los Angeles, and David Chiu, D-San Francisco, seeks to create a public banking option to keep local money under local control. The bill has passed the Assembly Banking and Local Government committees and is set for a hearing Thursday in the Assembly Appropriations Committee.

The public banking bill has won support from cities including San Francisco, Los Angeles, Berkeley, Oakland and Richmond.

Sunday, May 12, 2019

Los Angeles, CA - California Assemblyman Miguel Santiago (D-Los Angeles) talks to Fox 11 News In Depth’s Hal Eisner about AB-2, a new bill to make the second year of Community College free for first-time, full-time students. Santiago helped pass another bill last year – signed by then Governor Jerry Brown – to make the first year of Community College free to most students. 

Wednesday, May 8, 2019

LOS ANGELES, Calif. (FOX 11) - Sam Herbert is graduating high school this year. You know what that means? He just went through a college visiting tour of some 15 colleges across the country. He and his dad, Joe, came to the realization that money was an issue. For many families that's the case. 

Assemblyman Miguel Santiago is the force behind AB2; an assembly bill to provide two years of community college FREE for first time community college students. To Jerry Lucido, a USC professor who has researched things like college admission trends that's a good idea. Then a community college student can move to a four-year school for the last two years. To him, it's important for potential college students to know what they want to do as opposed to where they want to go. 

Thursday, May 2, 2019

On Tuesday morning, the Los Angeles City Council passed a resolution introduced by LA City Council President Herb J. Wesson in support of AB 857 – a bill to give California cities and municipalities the option to start their own public bank.

“Californians from the grassroots to the halls of power are weary of a corporate banking system that doesn’t work for them. Wall Street needs people-powered competition, and a public bank for public good is the right place to start. Council President Herb Wesson has been a bold champion of public banks for many years, and I couldn’t be more grateful for his leadership and the support we’ve seen from so many others across the state.”

Thursday, May 2, 2019

The Santa Clara County Board of Supervisors on Tuesday unanimously voted to explore the legality of creating a county-operated public bank in support of a California bill that, if passed, will allow local governments to form their own banks.

Advocates say that public banks would help strengthen local institutions, keep public money within the local economy and finance public projects.

“Public banks not only save taxpayer money, but they can also make money,” added Santa Clara resident Judy Young. “Bankers know their customers as opposed to big banks that are so far removed by their customers they don’t really know what the risk is. With a local public bank, you know what the risk is with a customer. It would also make sound investments in local community projects and keep money circulating in the local economy.”

Thursday, May 2, 2019

The city of Los Angeles and the city and county of San Francisco on Tuesday approved support for an assembly bill that would allow local governments to form their own public banks.

Having the two highest-profile cities in the state show support is a sign that a “coalition is coming together,” said Jonathan Underland, communications director for Assemblyman Miguel Santiago, D-Los Angeles, who, along with Assemblyman David Chiu, D-San Francisco, introduced Assembly Bill 857 in March.

“We want cities and counties to have the ability to create a public bank if that makes the most sense for their constituents,” Underland said. “Now, we don’t have the ability to even consider it. It is a local control bill. It would allow municipalities to experiment with this. It gives cities the opportunity to explore this.”