In a weekly meeting Wednesday with the Legislative Auditor’s Office, the New Orleans City Council was advised that after this round of payroll funds is released, only about $6 million will remain from the loan the state approved last year. And after next week, that $6 million will likely be depleted, however, the general fund will then kick in for payroll funds, they said.
“I anticipate next week you’ll be out. There’s probably going to be an uptick in overtime due to some Mardi Gras so if there is remaining funds it’ll be very little,” said Christopher Province with the Legislative Auditor’s office. “After that, the general fund will start to pay for payroll and they’ve already started paying for the fringe side of things so they’ll kind of just absorb this piece here.”
While they said there is enough in the general fund, it’s important for the city to stay on the right financial path…