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Started By
Message
2
Posted on 10/22/25 at 10:12 am to RunninReb
The Legislature needs to pass a statutory framework for placing insolvent cities in receivership. Remove the local elected officials and have a state appointed receiver take over. Imagine the crimes that would be uncovered.
Posted on 10/22/25 at 10:12 am to RunninReb
No one wants to cut out things but the only way to fix it is to gut all the small unnecessary spending that is just feel good.
Programs are great but until the city gets in a better position, that’s something that has to get cut
Some of the festival stuff should get cut. I know people will lose their minds but a few of the fun things are gonna have to be on the list in order to fix the money
Programs are great but until the city gets in a better position, that’s something that has to get cut
Some of the festival stuff should get cut. I know people will lose their minds but a few of the fun things are gonna have to be on the list in order to fix the money
Posted on 10/22/25 at 10:16 am to Fat and Happy
quote:
Some of the festival stuff should get cut. I know people will lose their minds but a few of the fun things are gonna have to be on the list in order to fix the money
City pays for those?
Posted on 10/22/25 at 10:18 am to danilo
The only hope is a receivership like Detroit to get things back on track.
Posted on 10/22/25 at 10:30 am to Eighteen
quote:
ut they are $200 million off, where’s the other $143 million?
the actual deficit is $160 million
$31 million was over stating revenue
$57 million was over time
How much of the deficit is the FEMA projects will determine how bad the mayor's office screwed up.
All of the FEMA projects that have been completed with city money, but the administration was slow on completely the reimbursements before the government shutdown.
quote:
“FEMA is a reimbursement project for the most part. So the city fronts the money, then FEMA reimburses,” Giarrusso said. He added that when the government shut down, it appears the reimbursements stopped coming.
Posted on 10/22/25 at 10:40 am to elprez00
quote:
The citizens that voted for 8 years of this nonsense are in the “Find Out” stage.
They don't care. Latoya probably would have been re-elected had she been eligible to run.
Posted on 10/22/25 at 10:43 am to glassman
quote:
It's 16 years. Mitch the Bitch has a lot of culpability in the current state of the city. Was he worse than Teedy? No, that's not possible. But, it's going to be 20 years with the easy on the eyes communist in charge.
Bitch Landrieu was such an utter disappointment. I truly believed he would be a good leader but was such a failure.
Posted on 10/22/25 at 10:44 am to Nola1962
quote:
Their pension plans for retired city workers, fire department and police have severely impacted the cities budget.
The problems with nearly every public entity always seem to revolve around pensions. They seem incapable of managing this.
Most private companies have gone away from pensions and use a 401K match to help fund their employees retirement. Perhaps cities and states should consider doing that.
Posted on 10/22/25 at 10:44 am to Nola1962
quote:
Houston is in a similar boat. Their pension plans for retired city workers, fire department and police have severely impacted the cities budget. No rainy day funds to fall back on.
one of the many cans across the nation that has been kicked for years. Seems like LA, Denver, and many others are in the same boat.
Posted on 10/22/25 at 10:53 am to OldHickory
quote:
A lot of local governments are facing tight budgets now that the pandemic faucet
Oh, you mean locals got fat off of federal money, didn't plan for the future and start to restrain spending and manage expectations before the faucet was turned off?
Here's my shocked face. F local governments with budget problems and all the useful idiots that voted them in.
Posted on 10/22/25 at 11:01 am to Havoc
quote:
but was such a failure.
He was a success. Where we see failure, they see achievement. They accomplish exactly what they want to accomplish.
Posted on 10/22/25 at 11:26 am to Bjorn Cyborg
quote:
He was a success. Where we see failure, they see achievement. They accomplish exactly what they want to accomplish.
This. Cause the problem then present the solution.
The solution will only cost you a little bit of your freedom.
Posted on 10/22/25 at 11:28 am to RunninReb
This is the guy really running our city.
Never had a job in the real private sector.
Claims six degrees from a fake college named National University.
Looks like most of his time is spent overembellishing his resume.
Joe Threatt LinkedIn
Never had a job in the real private sector.
Claims six degrees from a fake college named National University.
Looks like most of his time is spent overembellishing his resume.
Joe Threatt LinkedIn
Posted on 10/22/25 at 11:45 am to Havoc
quote:
Landrieu was such an utter disappointment. I truly believed he would be a good leader but was such a failure.
I couldn't agree more. The waste of 8 years of possibility under Landrieu is costing us dearly. He's long gone and we are still paying the price for him letting the city rot. Even with Cantrell's irresponsibility, it wouldn't be nearly as bad as it is if Landrieu had done his job.
And that's before we talk about the city council. They see the finances too. Why weren't they sounding the alarm?
Posted on 10/22/25 at 12:02 pm to RunninReb
"Water is Wet" The City of New Orleans has been broke since at least the 1970s. It makes them judgement-proof. When I see or hear "news" of people suing the city, I simply shake my head and chuckle inwardly.
Posted on 10/22/25 at 12:13 pm to RunninReb
Does this surprise anyone?
Posted on 10/22/25 at 12:14 pm to Dire Wolf
As of 1/2025
Top 10 States with most pension debt
Top 10 States with the most pension debt per capita
Top 10 Cities with the most pension debt per capita
Top 10 States with most pension debt
quote:
1 California $148.45B $3.75K
2 Connecticut $57.05B $15.82K
3 Illinois $186.46B $14.55K
4 Kentucky $27.8B $6.17K
5 Maryland $26.8B $4.34K
6 Massachusetts $50.02B $7.12K
7 New Jersey $163.93B $17.65K
8 New York $68.23B $3.38K
9 Pennsylvania $32.04B $2.46K
10 Texas $108.55B $3.72K
Top 10 States with the most pension debt per capita
quote:
1 New Jersey $17.65K $163.93B
2 Connecticut $15.82K $57.05B
3 Illinois $14.55K $186.46B
4 Delaware $8.58K $8.5B
5 Vermont $8.17K $5.25B
6 Hawaii $8.07K $11.74B
7 Massachusetts $7.12K $50.02B
8 Kentucky $6.17K $27.8B
9 Maryland $4.34K $26.8B
10 California $3.75K $148.45B
Top 10 Cities with the most pension debt per capita
quote:
1 NY New York $14.98K $131.88B
2 IL Chicago $13.57K $37.27B
3 NY Yonkers $10.94K $2.32B
4 MA Worcester $7.34K $1.52B
5 OR Portland $6.71K $4.38B
6 TX Austin $6.53K $6.28B
7 NY Rochester $5.4K $1.14B
8 NJ Jersey City $5.05K $1.48B
9 MA Boston $5.02K $3.39B
10 NY Buffalo $4.72K $1.31B
quote:
Eight cities report negative public employee benefit debt, meaning they have set aside more assets than the estimated value of their retirement obligations. These cities are Fresno, Spokane, Chula Vista, Riverside, Madison, Plano, Wichita, and Santa Clarita.
Los Angeles County, Cook County, and Philadelphia have the highest total unfunded employee retirement benefits?.
On a per capita basis, the most indebted counties are Nassau County, Philadelphia, and Baltimore County.
Posted on 10/22/25 at 12:15 pm to RunninReb
quote:
How is it possible for them to be this far off on their numbers?
New Orleans public school education?
Posted on 10/22/25 at 1:15 pm to RunninReb
New Orleans rivals Jackson, MS for the worst run city in the US. I do see a link in the intelligence of the leadership.
I wonder where all that money NO rec'd to fix up post-Katrina went. NGO's and "community activists".
I wonder where all that money NO rec'd to fix up post-Katrina went. NGO's and "community activists".
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