He has his pardoned head in the sand and is essentially proposing a budget that ignores the risk of economic downturn or recession as a result of tariffs and entirely ignores the budget risks of cuts that have already been made. New York City's fiscal year 2025 municipal budget includes $10.5 billion in federal funding, of which 4 billion is discretionary. And no allowances whatsoever have been made in that budget for doing anything about the risks that billions of that money is going to be cut. (09:47–09:58)
CLAIM
Asserts the amount of federal funding included in NYC's fiscal year 2025 budget.
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