NEW ORLEANS — A multimillion-dollar deficit, lack of communication about spending, and an unexpectedly expensive year have landed the City of New Orleans in financial trouble. As panic has grown at City Hall, so has finger-pointing over who is to blame.
On Wednesday, council members announced they were no longer asking the state to approve a $125 million bond sale. They accused state leaders of using the situation to force the city into the oversight of a fiscal administrator, a state appointee who would have broad power over the city’s operations.
If city leaders cannot find the money elsewhere, residents could see interruptions to city services, furloughs, and other impacts by the end of the year…