Overview
- City Council is set to vote Thursday on requesting State Bond Commission approval for short‑term revenue bonds to cover payroll and contractor payments.
- CAO Joe Threat said October payroll appears covered but November and December are at risk for nearly 5,000 workers, including police and fire.
- Officials cite withheld FEMA advances during the federal shutdown, overtime overruns and softer revenues, with the deficit pegged near $160 million.
- An emergency savings fund of about $38 million could be tapped with a two‑thirds council vote, though Mayor‑elect Helena Moreno opposes using it.
- The city is pressing collections, including an $87.5 million receivable from the Sewerage & Water Board, as unions rally for transparency and assurances.