It’s worse than that. There are rumors that municipalities all over NYS, from small to large, are cooking their books. The state comptroller is aware of some of this. And has done nothing other than provide cover for the offenders.
The problem isn’t just NYC.
It’s the whole damn state.
Trump is far too kind to his enemies. Much of the “squandered” or more likely stolen money was Federal in origin. If Trump learned anything from the crafty Sicilians he dealt with in the NYC construction business for thirty years, he would have Justice Department forensic accounts and auditors all over New York, Illinois and California. He would probably bag most of the Democratic Party.