How New Orleans might fill its $110M budget gap

Mayor Helena Moreno's administration will pitch City Council this week on a plan to fill New Orleans' latest budget gap.

Why it matters: The city could run out of its cash on hand by Aug. 25, city CAO Joe Giarrusso tells The Times-Picayune.

Catch up quick: The $110 million hole was left after Moreno backed away from requesting the state's OK to borrow funds in the fallout of a spat with state leadership.

Zoom in: Per The Times-Picayune, the proposal includes:

• Delaying $35 million in infrastructure improvements, likely until a city bond sale in 2028.
• Using $25 million in emergency funds.
• Calling in $20 million due from the Sewerage and Water Board.
• $25 million in federal reimbursements, which are pending paperwork.
• $5.5 million in unspent American Rescue Plan Act funds.

What's next: City Council plans to vote Thursday on redirecting money from the city's infrastructure funds toward its general fund.