The dollar amount in the title is entirely my invention, but when money grows on trees, who cares what the amount is. Zohran Mamdani, Bernie Sanders, and the NYC baristas would fail Day One of a Grade 11 Economics class, but who cares when your broken socialist mind is made up of fruit loops and rainbows.
It will be great sport to watch the ever increasing NYC debt per capita explode as the migration out of the city intensifies and leaves fewer and fewer people to pay for it as they go even deeper into debt. We could well see the collapse of NYC economically. Junk bonds.