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  "publishedAt": "2026-03-29T15:36:55.000Z",
  "site": "https://upstract.com",
  "textContent": "\"The reality is, if there is a downgrade, it both increases the city borrowing cost — and we certainly borrow a lot for capital projects — and reduces the city’s opportunity to refinance, which it does often.''",
  "title": "NYC credit downgrade under Mamdani could cost more than $14B: analysis"
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