Revenue Estimating Conference Meeting

The New Orleans City Council held a Revenue Estimating Conference Meeting on September 11, 2026, focused primarily on reviewing and revising the city's revenue forecast for 2026 and preliminarily adopting the forecast for 2027. Key procurement-related discussions included the financial management of the city's revenue anticipation note (RAND) repayment, adjustments to revenue sources such as the removal of certain parking enforcement and state transit appropriations, and the reclassification of bond funds to support cash obligations. The council also discussed new revenue streams including short-term rental fees and inter-agency transfers, with a net increase of approximately $56 million in the 2026 revenue forecast, bringing it to nearly $885 million. Motions to adopt the amended 2026 revenue forecast and preliminarily adopt the 2027 forecast were both passed unanimously. The meeting highlighted the city's strategic financial management efforts to ensure budget stability and enhance city services despite fiscal challenges.