What happened?

We did it! We're back, everybody. 

Revenue projections

The Cantrell administration expects general fund revenue of more than $762 million, driven by sales taxes, property taxes, licensing and permitting fees, and more. The remainder of the operating budget is funded via revenues earmarked for specific purposes like federal and state grants and specific districts' property tax funds. Those revenue projections suggest that the majority of the city's revenue streams will return to pre-pandemic levels, according to Montaño.

A whole year ahead of time, according to 2021 Monatno, anyway. 

New Orleans is set to receive $388 million from this year’s coronavirus stimulus package, and while council members are calling to spend at least some of that money, Mayor LaToya Cantrell’s administration is urging a slower approach.

Chief Administrative Officer Gilbert Montaño on Monday resisted calls from the council to hold mid-year budget hearings on the funds and urged that the vast majority of the money be held back, with the first major round of spending not coming until next year. And even then, Montaño urged council members to take the long view and parcel out spending through 2025, when some projections say New Orleans will finally emerge from its pandemic-induced deficits.

At the time, Montaño and Cantrell were resisting calls to spend the federal relief money on housing and other support for service industry workers facing evictions. In other words they were being asked to use the funds to help poor people affected by the pandemic; the purpose they were actually intended for.  Instead, Montaño wanted to squirrel as much of it away to address his 5 year "projected" deficits.  

But, here we are. Not even 5 years down the road and the deficits seem to be over.  Maybe it's finally time to make good on the original promise of the American Rescue Plan? 

Or maybe not. As these counter-programmers to today's hearing pointed out, we're mostly spending it on cop stuff.

At a press conference outside City Hall before the mayor's budget presentation, advocates with the Big Easy Budget Coalition issued their demands once again.

"The American Rescue Plan dollars really offered New Orleans a once-in-a-lifetime opportunity to move in a different direction and recover from the pandemic and recover from years of inequity," said Sarah Omojola, director of Vera Louisiana, a local initiative of the Vera Institute of Justice. "Instead the ARPA dollars— the American Rescue Plan dollars— were used to plug budget holes and invest in policing."