Categories: Louisiana News

Gov. Jeff Landry asks bond commission to reject New Orleans loan request, calls for fiscal review

NEW ORLEANS (WGNO) — Gov. Jeff Landry is calling on the Bond Commission to deny the city’s request for a loan.

Just last week the New Orleans City Council approved a request for a $125 million state bond to cover payroll. This is to ensure city workers are paid for the rest of the year.

In a statement on X, Landry stated the city must address its financial problems immediately.

“Over the past 20 months, both I and the Legislature have diligently worked to establish fiscal stability in this State. We have implemented tax reform, reduced insurance costs, and historically revitalized this economy. It is imperative that the @CityOfNOLA address its financial matters promptly,” said Landry.

The governor is also asking the state treasury, Attorney General Liz Murrill and the Legislative Auditor to call an emergency meeting of the Fiscal Review Committee to review the city’s finances and, if necessary, appoint a fiscal administrator.

“They must utilize all necessary measures to thoroughly review the city’s fiscal affairs and, if deemed necessary, appoint a fiscal administrator,” said Landry.

Stay up to date with the latest news, weather and sports by subscribing to the RSS Feeds Cloud newsletter.

Latest Posts

rssfeeds-admin

Recent Posts

Blast Blade Brings a New Dimension to Platform Fighters

Blast Blade from Silent Bark games is a 3D platform fighter that puts you behind…

2 hours ago

Stateline community prepares for another wave of potential storms

Community members are stocking up on essential supplies as Stateline residents are preparing for another…

2 hours ago

Stateline residents support Friends of Boone County CASA at bingo fundraiser

Stateline residents recently gathered at 5 Brines Brewery for a bingo event to support Friends…

2 hours ago

Behind-the-Scenes Look at Phantom Regiment’s April Camp in Rockford

The Phantom Regiment Drum & Bugle Corps hosted its April Camp at Auburn High School…

2 hours ago

State REP. Vella hosts paint recycling event in Rockford

State Rep. Dave Vella, D-Rockford, announced a free community paint recycling event in Rockford, Ill.,…

3 hours ago

Pretzel Fest in Freeport: A day of community, pretzels, and music

Downtown Freeport hosted its annual Pretzel Fest on April 25, an event organized by the…

3 hours ago

This website uses cookies.