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. So for example, if HPD's budget includes $269 million in non emergency CDBG community development block grant funding, Trump proposes to eliminate that entirely. (09:58–10:06)
CLAIM
Asserts that NYC's budget does not account for potential federal funding cuts.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
