New Orleans Approves £1.6B Budget to Tackle Deficit and Boost Public Safety
New Orleans has approved a £1.6 billion budget for 2026, aiming to close a £222.4 million deficit while stabilising city finances. Mayor-elect Helena Moreno stated that the plan prioritises essential services, with a strong focus on public safety.
The deficit grew after an October report revealed a shortfall of around £160 million—higher than initially expected. To address the gap, the city secured a £125 million loan from the state, due for repayment by mid-2026.
The approved budget aims to balance financial stability with service delivery. The city now faces the task of repaying the state loan by mid-2026 while maintaining support for core operations. Public safety funding has increased, but staffing challenges remain a concern.
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