Will New York City government have a 1975 style financial crisis, threat of bankruptcy, before the end of 2028?

200Ṁ159

2029

49%

chance

ALL

Update 2025-07-31 (PST) (AI summary of creator comment): The creator has pointed to a podcast episode about the 1975 NYC financial crisis as a reference for what constitutes a "1975 style" event. Key features highlighted from that crisis include:
- Being saturated in debt
- A crash in the municipal bond market
- Receiving a federal bailout

Creator comment: any one of the above events will settle the question as YES.

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https://www.osc.ny.gov/press/releases/2025/08/dinapoli-nyc-budget-balanced-risks-loom-fiscal-and-economic-concerns-grow

DiNapoli: NYC Budget Is Balanced but Risks Loom As Fiscal and Economic Concerns Grow

City Missed Opportunity to Boost Reserves and Should Identify Efficiency Savings to Mitigate Federal Cuts

https://a.co/d/cP8CeXG

Drop Dead: How a Coterie of Corrupt Politicians, Bankers, Lawyers, Spinmeisters, and Mobsters Bankrupted New York, Got Bailed Out, Blamed the ... as Usual (And It Might Be Happening Again) Hardcover – April 29, 2025

https://pca.st/episode/523d5775-ed0c-47a0-a7cf-433fdc930071

Today's guest is Richard E. Farley, author of Drop Dead, a history of how the richest city in America got addicted to spending, saturated in debt, and crashed the municipal bond market—and then managed to get a federal bailout in the nick of time.