NEW ORLEANS — New Orleans Chief Administrative Officer Joe Threat has alerted city leaders that the city’s cash-flow problems are now worse than expected — and could prevent payroll from being met for the rest of the year.

Councilmembers have called an emergency budget meeting for Wednesday at 3 p.m. to discuss the situation.

Budget Chair Joe Giarrusso and Council Vice-President Helena Moreno are calling on the administration to explain the situation publicly.

The city’s already facing a $160 million deficit, which could mean cuts to nearly every department next year.

We’ll be at that meeting and will bring you updates as soon as we get them.

Read the city's full statement below:

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