New Orleans' Financial Struggles
New Orleans appears to have reached a critical point, with city councilmember and mayor-elect Helena Moreno seeking a $125 million bailout from the Louisiana State Bond Commission.
Moreno, a former WDSU-TV anchor and state representative, is now at the forefront of the city's efforts to address its severe fiscal management issues.
It Would Seem Like New Orleans Has Reached The End Of The Line. Thank God.
Given her experience on the city council, it is surprising that Moreno is now facing this significant challenge as she prepares to take office as mayor.
Author's summary: New Orleans seeks bailout amid financial struggles.