Overview
- Mayor-elect Helena Moreno will ask the City Council on Jan. 14 to authorize using the emergency payroll fund to cover the unfunded $10,000 retention bonuses.
- Legislative Auditor Mike Waguespack, who oversees weekly draws, confirmed the bonuses qualify for the emergency fund.
- The city created a $125 million payroll backstop using short-term revenue bonds, and $46 million remained as of Dec. 30 with another draw set for a Wednesday vote.
- Moreno’s $801 million general fund budget did not anticipate the shortfall, and the bond-backed payroll fund must be repaid by mid-year, potentially requiring additional borrowing.
- Officials are reviewing how the dedicated ARPA appropriation was depleted, with a dashboard showing about $3.6 million left and NOPD staffing around 910 commissioned officers.