New Orleans Mayor Mitch Landrieu presented the proposed 2013 city budget today at a press conference at City Hall. Below is the entire text of his prepared remarks.
Today, I am presenting to the City Council and the people of New Orleans our proposed 2013 budget. All over America cities are struggling to balance their books and New Orleans is no exception. Across the board, costs are rising and we have additional requirements to fund the NOPD consent decree that will make 2013 a very tough budget year.
New Orleans Mayor Ray Nagin is reviewing the budget approved after a 12-hour City Council session. Whether he signs it isn't clear. The mayor wanted a tax increase to fill a $24 million budget shortfall. The council instead plugged much of the deficit with the city's disaster loans. Nagin calls the tactic a "financial train wreck."
The council has control of about half the $1.1 billion budget. Federal and state grants make up the rest.