What financial irregularity did New York City officials discover and how much money was involved?

On Wednesday morning, New York City officials discovered $80 million was missing when they checked their financial balances. Initially, there was significant confusion surrounding this substantial loss, as it wasn't immediately clear where the money had gone or who might have taken it. The disappearance of such a large sum from city coffers triggered an investigation into this financial mystery that would later involve discussions about federal funding allocations and governance issues.