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.

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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.

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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.

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