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re: New Orleans may run out of money soon

Posted on 8/5/26 at 6:42 am to
Posted by Junky
Louisiana
Member since Oct 2005
9318 posts
Posted on 8/5/26 at 6:42 am to
quote:

Still don't know why Landry is playing this game with Moreno and preventing her from issuing bonds.


This isn’t a game, you do not issue bonds to cover operating expenses.

You do not take out 15-20 year debts to pay for 6-8 months of expenses.

This is basic government spending 101.

The state bond commission already approved a $125 million bond for the city in 2025. New Orleans can balk at the state, but the state has helped, the city needs to start acting like an adult and not a teenager with a credit card.
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