I want everyone to take a little time out of their day to read two quotes.
Quote #1, from former-CAO Gilbert Montano’s appearance before the City Council, April 17th, 2025
“If we spent every dollar this entire year and everything comes to fruition, we will end the year with a 100 million dollar fund balance.”
Quote #2, from former-CAO Gilbert Montano’s appearance before the City Council, April 17th, 2025
“This financial snapshot, I hope, presents the opportunity for the city to make appropriate adjustments, but should assure the public that our financial position is stable through continued fiscal stewardship and financial planning, the city assures structural balance through 2025 and heading into 2026.”
Today is October 23rd, 2025.
The city of New Orleans has 5 payroll periods left, and we are unsure whether we have the cash on hand to pay city employees…