(The Center Square) − New Orleans continues to carry a heavy debt load, with the city $1.8 billion short of the funds needed to pay its bills, according to the latest Financial State of the Cities report from Truth in Accounting.
The 2024 report, which uses data from the city’s 2022 Annual Comprehensive Financial Report, found that New Orleans had $1.9 billion available to cover $3.7 billion in obligations, leaving a funding gap that translates into a taxpayer of $18,200 per resident.
The state auditor is much more optimistic about the Crescent City’s finances…