New Orleans officials will revive their request to sell $125 million in short-term bonds to address the city's ongoing cash crisis after a meeting in Baton Rouge on Wednesday where Mayor-elect Helena Moreno and members of the City Council explained the steps they're taking to right the city's finances.
New Orleans officials have been scrambling to find money to keep city operations funded and paychecks covered for nearly 5,000 city workers, after Mayor LaToya Cantrell’s administration revealed last month that the city was on track to run out of cash before next year.
The city’s first attempt to seek approval from the State Bond Commission for the emergency bonds was scuttled last week after Gov. Jeff Landry and other state officials made clear that they would only sign off on the plan

NOLA

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