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Council creates Employee Emergency Payroll Fund, approves strict oversight tied to planned $125 million bridge financing
Summary
The City Council on Nov. 6 created an Employee Emergency Payroll Fund with strict reporting and Legislative Auditor oversight to enable short-term bridge financing for payroll amid a cash-flow shortfall.
The New Orleans City Council on Nov. 6 adopted an ordinance to create a narrowly restricted Employee Emergency Payroll Fund and approved amendments that add reporting and Legislative Auditor oversight as conditions for any withdrawal. Councilmembers said the measure is a necessary step to secure short‑term bridge financing while they work on longer-term budget fixes.
Under the ordinance, the fund may be used only for specified purposes when the council authorizes disbursements by resolution. Permitted uses include active city employees’ wages and fringe benefits earned, approved overtime together with customary…
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