Gov. Jeff Landry is urging state leaders to reject New Orleans' emergency request for what amounts to a $125 million payday loan as the city grapples with a budget crisis that threatens its ability to make payroll.

The city needs the approval of the State Bond Commission -- which is scheduled to meet Thursday -- to sell revenue bonds for the quick cash infusion.

But Landry in a social media post Tuesday came out against the proposal and urged Republican leaders in the state Legislature to join him.

He also suggested appointing a fiscal administrator to oversee the city's fiscal affairs.

"It is imperative that (New Orleans) address its financial matters promptly," the governor said. He added that the Legislature's Republicans, many of whom serve as commissioners on state Bond Commissi

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