No, this article referred, very specifically, to the money allocated to New Orleans, alone.
I've been thru six hurricanes from Camille in 1969 to the more recent hurricanes we have had here in Florida. The end results of Katrina were caused more by greedy politicians and flood control money being wasted than anything else.
Thus the "Big Easy" became the "Big Baby".
I read that thread, probably posted in it, and the article took the total amount of funds allocated for the 2005 hurricane recovery and then divided the amount by the population of New Oleans.