What now, now that the city of New Orleans will once again seek to sell $125 million of bonds to cover this year's spending shortfall so employees can get paid?
After meeting with select lawmakers, the state treasurer, legislative auditor and others, the state appears to have backed off its demands that a fiscal administrator take over the city's day-to-day money management.
"But, that comes with a very heavy price of oversight form the legislature, from the legislative auditor, really," State Senator Cameron Henry told WWL-TV. "Look, we anticipate the city may have to come back June or July of next year and maybe ask for a little bit more money. And if that's the case, we know they're going to play very nicely between now and then."
Mayor-elect Helena Moreno said the bond commission vote could come next week. That is about how much longer the city's money will last if nothing can get done.
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