LA Councilwoman @TraciParkforLA was one of 3 councilmembers to vote against spending $460,000 to study creating a city-owned public bank. “We can’t even manage our own damn finances,” Park said, questioning why the city would consider operating a bank while struggling with homelessness, infrastructure and budget problems.

NEW: LA City Council approved $460,000 for a study exploring whether the city should establish its own publicly owned bank. Councilwoman @cd14losangeles argues a city-run bank could lower borrowing costs and help finance affordable housing.

MORE: Omar Muñoz, arrested in “Operation Protect the Vote,” says six others he met in custody told him they were Republicans who claimed they never voted. When he asked about Democrats, Muñoz claimed: “They voted, but they can’t arrest them for fraud” because “they are dead people.”