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Gov. Jeff Landry urges rejection of New Orleans' request for $125M loan amid budget crisis

Posted on 10/28/25 at 11:18 am
Posted by Major Dutch Schaefer
Location: Classified
Member since Nov 2011
37940 posts
Posted on 10/28/25 at 11:18 am
BULLYING {ON} OFF

quote:

Gov. Jeff Landry is urging state leaders to reject New Orleans' emergency request for what amounts to a $125 million payday loan as the city grapples with a budget crisis that threatens its ability to make payroll.

The city needs the approval of the State Bond Commission -- which is scheduled to meet Thursday -- to sell revenue bonds for the quick cash infusion.

But Landry in a social media post Tuesday came out against the proposal and urged Republican leaders in the state Legislature to join him.

He also suggested appointing a fiscal administrator to oversee the city's fiscal affairs.

"It is imperative that (New Orleans) address its financial matters promptly," the governor said. He added that the Legislature's Republicans, many of whom serve as commissioners on state Bond Commission, should "deny the city's request to accumulate debt on the backs of its citizens."
Posted by teke184
Zachary, LA
Member since Jan 2007
103080 posts
Posted on 10/28/25 at 11:20 am to
quote:

He also suggested appointing a fiscal administrator to oversee the city's fiscal affairs.


Bullying {on} off.
Posted by Lsupimp
Ersatz Amerika-97.6% phony & fake
Member since Nov 2003
85092 posts
Posted on 10/28/25 at 11:21 am to
My heart has been torn asunder with concern for the fiscal concerns of New Orleans government.
Posted by dakarx
Member since Sep 2018
8122 posts
Posted on 10/28/25 at 11:24 am to
Might as well give money to a drunkard to attend AA.
Posted by Snipe
Member since Nov 2015
15543 posts
Posted on 10/28/25 at 11:24 am to
Good lord, is the tourism capital of the gulf south that poorly mismanaged?
Posted by tigeraddict
Baton Rouge
Member since Mar 2007
14328 posts
Posted on 10/28/25 at 11:25 am to
He is correct. throwing more money at the problem will not fix the problem, only delay and encourage the problem. taking fiscal responsibility away from the city and installing a fiscal administrator is the correct answer....
Posted by Tiger Prawn
Member since Dec 2016
24936 posts
Posted on 10/28/25 at 11:33 am to
quote:

Good lord, is the tourism capital of the gulf south that poorly mismanaged?

Yes

NOLA elected Latoya after it came out during her first mayoral campaign that she had charged a bunch of personal expenses to her city council credit card. Of course she reimbursed the city for those expenses AFTER the news reported on it all.

Then they have a current city councilman who previously resigned his city council seat in disgrace after pleading guilty to federal bribery charges. After a stint in federal prison, he gets back into politics and re-elected to the same position he was in when the feds busted him previously.

If NOLA voters want to vote for corruption and dysfunction, then let them reap the consequences of it.
Posted by ragincajun03
Member since Nov 2007
27131 posts
Posted on 10/28/25 at 11:34 am to
quote:

The city needs the approval of the State Bond Commission


John Fleming, one of the conservative challengers to Bill Cassidy for 2026, is the current State Treasurer and chairs the Bond Commission.

Julie Emerson, who officially declared yesterday her intention to also run for Cassidy's Senate seat, is one of those Republican Legislators who serves on the Bond Commission.

$100 said Gov. Landry is coming out with this now mostly, if not solely, to have a wedge issue for social/cultural conservatives in the race. Emerson is his candidate, she will absolutely vote NO. If Fleming votes YES, or even if he just can't even stop the majority of the commission from voting YES, Landry camp will use it against him.

See the 24 months prior to the 2023 LA Gov Election with Landry suddenly initiating childish spats with then-State Treasurer John Schroder, even trying to take credit for stuff Schroder had every intention of his office implementing before Landry tweetered about the subject.

None of the above is an attempt to promote, or negete, any merits of the loan. Just stating we've seen this movie before from the Governor.
Posted by SloaneRanger
Upper Hurstville
Member since Jan 2014
12449 posts
Posted on 10/28/25 at 11:34 am to
quote:

Good lord, is the tourism capital of the gulf south that poorly mismanaged?


Is this a serious question? Are you new here?
Posted by ragincajun03
Member since Nov 2007
27131 posts
Posted on 10/28/25 at 11:37 am to
Helena Moreno takes over in January as Mayor, correct?

Wonder if there would be a reconsideration of this request after Cantrell is gone.
Posted by Snipe
Member since Nov 2015
15543 posts
Posted on 10/28/25 at 11:41 am to
quote:

If NOLA voters want to vote for corruption and dysfunction, then let them reap the consequences of it.


Yea, that's just stupid and a glaring problem with the dumbing down of voters, particularly Democrat voters.

The democrat party has not changed on bit. "Keep'em stupid, and keep'em dependent"

I hope the do deny the request. Stop rewarding ignorance.
Posted by Slingscode
Houston, TX
Member since Sep 2011
2184 posts
Posted on 10/28/25 at 11:47 am to
Give em the frickin money so the residents don't move to other parts of the state and make them shitholes too.
Posted by Doctor B
Member since Jul 2024
1000 posts
Posted on 10/28/25 at 11:49 am to
In the last 12 months, they had some Taylor Swift concerts and a Super Bowl in N.O.

I guess that influx of dollars was not enough to offset Latoya Cantrell's obesity and incompetence?
Posted by ragincajun03
Member since Nov 2007
27131 posts
Posted on 10/28/25 at 11:57 am to
I'm counting 14 members. Not sure if all 14 vote, or only 13 so that there can't be a tie.

Of those members, I'm seeing 6 for sure NO votes:

DeVillier (the Gov's choice for House Speaker)
Emerson
Henry (the Gov's choice for Sen. Prez)
Gov. Landry
AG Murrill
Billy Nungesser

I think this request gets denied. Treasurer Fleming may very well have already planned on pushing the Bond Commission to deny it even before Gov. Landry said anything.

Then some sort of loan request gets reconsidered after the new Mayor takes office.
This post was edited on 10/28/25 at 11:59 am
Posted by Tchefuncte Tiger
Bat'n Rudge
Member since Oct 2004
62370 posts
Posted on 10/28/25 at 12:16 pm to
quote:

NOLA elected Latoya after it came out during her first mayoral campaign that she had charged a bunch of personal expenses to her city council credit card. Of course she reimbursed the city for those expenses AFTER the news reported on it all.


New Orleans' finances were screwed up LONG before Latoya.
Posted by BTROleMisser
Murica'
Member since Nov 2017
8571 posts
Posted on 10/28/25 at 12:18 pm to
Not a Landry fan at all... but it will be nice to see him battle with the VIP elitist prog Mayor, Helena Moreno and her cabal of NOLA elitist Democrat VIPs over the next few years. They share mutual trial lawyer friends. So, wonder how that will play out.
Posted by BTROleMisser
Murica'
Member since Nov 2017
8571 posts
Posted on 10/28/25 at 12:19 pm to
quote:

Good lord, is the tourism capital of the gulf south that poorly mismanaged


Rhetorical question, right?
Posted by Havoc
Member since Nov 2015
37168 posts
Posted on 10/28/25 at 12:23 pm to
Isn’t the City Council over the budget anyway, including the Mayor-Elect?
Posted by MMauler
Primary This RINO Traitor
Member since Jun 2013
23832 posts
Posted on 10/28/25 at 12:23 pm to
quote:

Of course she reimbursed the city for those expenses AFTER the news reported on it all.



More like some “donors” paid it off for her after she assured them she would get them some no-bid contracts and do-nothing jobs.

I read the other day that one of the first things Helena Moreno saw when she started to transition into the office was how much deadweight Latoya had hired into City Hall. Does anyone think she didn’t make money off of those hires?

ETA: What Latoya really needs is a Roto-Rooter, in-depth IRS audit. I remember when she claimed she paid the city back for all of her “unethical“ first class flights and lodging, The check was written from Liberty Bank with the memo stating “loan." I’d like to see all the money going into and out of Latoya‘s accounts as well as her “donors.“
This post was edited on 10/28/25 at 1:05 pm
Posted by slidingstop
Member since Jan 2025
1621 posts
Posted on 10/28/25 at 12:28 pm to
quote:

New Orleans' finances were screwed up LONG before Latoya.


what difference does that make?
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