Mar 27, 2011 11:41 AM by Chris Welty
NEW ORLEANS (AP) - Louisiana's attorney general says New Orleans
officials have no authority to use New Orleans Public Belt Railroad
funds to help balance the city's budget.
Attorney General Buddy Caldwell said that the city had no
`claim' or right to any `surplus' revenue from public railroad
entity. The New Orleans Times-Picayune reports that the Public
Belt's $15 million operating budget for 2011 anticipates an
operating surplus of about $475,000. The railroad oversees 25 miles
of railway tracks and the Huey P. Long Bridge.
City Council members and aides to Mayor Mitch Landrieu have
suggested tapping the accounts of independent boards and
commissions that oversee city-owned assets, such as the railroad.
New Orleans, like many cities and states, is strapped for money.
9 hours ago