Berkeley Measure Z

Berkeley Voters Weigh $60M Parcel Tax for Regional Public Bank

Berkeley residents will vote next week on Measure Z, a proposal to fund a regional public bank through a six-year parcel tax. The measure, inspired by North Dakota’s state bank, aims to provide low-interest loans for affordable housing and small businesses. Supporters cite high rent burdens and capital shortages, while opponents warn of fiscal risks and lack of local safeguards.