The New Orleans City Council has a plan to handle the $125 million it plans to obtain through a bond sale to cover the the budget shortfall it’s facing for the remainder of 2025. According to the council’s budget chairman, that plan includes oversight by both city and state leaders.
“We will create a separate fund that the $125 million would go into,” Councilman Joe Giarrusso said to WWL’s Tommy Tucker. “The council would have a weekly meeting–not twice a month, but four times a month–to disburse the funds on a weekly basis to make payroll.”
Giarrusso says the city will provide the state legislative auditor with a series of reports each week detailing how those funds are being spent…