New Orleans News Today | 2 Min News | The Daily News Now!

New Orleans Seeks Bond Approval for Payroll


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On November twelfth, New Orleans city officials navigate critical financial challenges, seeking approval for emergency bonds to cover city payroll. The states Fiscal Review Committee and Bond Commission meet to discuss the citys one hundred and sixty million dollar budget shortfall. City Council Budget Committee Chair Joe Giarrusso the Third and Mayor-elect Helena Moreno emphasize the urgency, aiming to secure one hundred and twenty-five million dollars in emergency bonds for a bridge loan. Despite fiscal problems, officials express confidence in repaying the debt using upcoming property tax receipts and sales tax revenue, particularly with Mardi Gras approaching.

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New Orleans News Today | 2 Min News | The Daily News Now!By The Daily News Now!