New Orleans Mayor Helena Moreno’s administration outlined its plan to get City Hall through the end of the summer without running out of cash, as payments on a $125 million emergency loan continue to put pressure on city finances.
Addressing the City Council Budget Committee Thursday, Chief Administrative Officer Joe Giarrusso detailed a series of short-term steps the administration is taking to curb spending, find additional funding and buoy the city’s finances.
Without those steps, which include a $15 million payment from the New Orleans Building Corp. that the city has secured, the city would have run out of cash as early as April…