New Orleans is cracking down on overtime for city workers and planning to tap into its rainy day fund as it waits to receive revenue from the sale of $125 million in emergency bonds aimed at easing its cashflow crisis.

Chief Administrative Officer Joe Threat told the City Council on Thursday that starting next week, departments will have to submit 90-day overtime projections and receive advanced approval from his office for any overtime expenses they want to incur.

And City Council member Joe Giarrusso said Thursday the bond sale revenues won’t come in time for the city’s next pay period, so the council has set a vote next Wednesday to pull from the city’s reserves to meet those payroll obligations.

The moves come as New Orleans prepares to receive $125 million in bond revenues, which

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