The City Council approved a $50,000 contract Wednesday with a local firm that will investigate the business, financial and economic feasibility of a public bank in Santa Fe.

The council voted 5-2 in support of the contract with Building Solutions LLC.

Councilors Bill Dimas and Ron Trujillo cast the dissenting votes. Trujillo questioned the spending, saying he was getting tired of the city “spending all this taxpayer money on studies” that conclude that more money will be needed.



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