#BLPnews ππΎ The City of New Orleans is reportedly running out of money, and officials are warning there might not be enough cash to pay police, firefighters, and city workers for the rest of the year π³π°
According to Chief Administrative Officer Joe Threat, the cityβs cash-flow crisis is worse than anyone thought, and payroll could soon be on pause. He alerted Budget Chair Joe Giarrusso and Council Vice President & Mayor-elect Helena Moreno, who are now demanding answers on why this was just discovered and what caused the additional shortfall π
An emergency City Council meeting is set for Wednesday at 3 p.m. to address the growing financial mess.
This all comes after the state auditor revealed New Orleansβ deficit is actually around $160 MILLION β way higher than the $100M first projected. Meanwhile, the cityβs rainy day fund has $46M, but $37M is locked and canβt be used, leaving just $8M in surplus to keep things running π₯΄
With a 2026 budget deadline looming on Dec. 1, the c...