It seems like New Orleans has finally reached a critical point. The city is seeking a massive $125 million bailout from the Louisiana State Bond Commission due to its poor fiscal management.
Helena Moreno, the former WDSU-TV anchor, ex-state representative, current New Orleans city councilmember, and mayor-elect, is at the forefront of this effort. Despite her years of asking for the job, she is now faced with a daunting task.
Moreno has been on the city council for a while, making it difficult to sympathize with her situation as she kicks off her term as mayor.
Author's summary: New Orleans needs a $125 million bailout due to poor management.