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Brad Lander: “The city has not had a rainy day fund...required changing…”

Featuring: Brad Lander, Democratic | New York City Comptroller

Decision NYC Interview: Brad Lander's Vision for New York City Comptroller

Published April 15, 2021 | Video Starts at 17:44

Without major federal help. But were there fundamental issues with the city finances and the city budget that need to be addressed here going … The city has not had a rainy day fund...required changing the charter and authorizing it in Albany. … fiscal crisis of the 1970s. We're finally voting to do those now, but it's when the crisis is already here. We should have done them in the past, we must do them in the future. (17:44–17:56)

CLAIM

Asserts that the city lacked a rainy day fund due to charter and Albany authorization issues.

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.

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Brad Lander

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“The $11 billion we're spending on policing, we're not getting our money's worth.”
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“I think it is probably time to end the 421A tax break program, which is $1.5 billion a year we spend for too little in return to new private…”
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“The New York City Department of Education is our biggest agency by far. It's about a quarter of the city's budget.”
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“We commit $10 billion a year on capital projects, and there's no audit team that looks at how do we bring those in on time and on budget.”
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“More than half of the projects aren't done that way [on time and on budget].”
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“80% of our subsidy dollars for affordable housing go to for profit private developers.”
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“Families waiting in line for food, so many people facing evictions, so many small businesses struggling.”
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“We need to build a just and durable recovery that gets us ready for future crises, including the climate crisis.”
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“I live in Park Slope in the neighborhood where I first started working at age 23 at a community based organization called the Fifth Avenue…”
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“There were 150 abandoned buildings and 150 vacant lots in the neighborhood.”
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“I built an organization that had five staff and built it up to 50 staff.”
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“We renovated buildings to preserve or create 500 units of affordable housing.”
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“I continued that work at the Pratt center for Community Development for five years.”
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“Fast food workers were starting to strike because at the time they earned $7.25 an hour.”
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“Worked with [fast food workers] to win a $15 hour minimum wage that came from the state.”
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“Passed one [law] that gave [fast food workers] a stable, fair workweek and the pathway to a full-time job with 2 weeks advance notice of…”
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“Recently we passed a law that protect workers from unfair firing. There has to be a good reason or it's called the just cause.”
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“I've played a strong oversight role, digging inside the city's now $90 billion expense budget, its hundred billion dollar capital budget.”
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“The comptroller's office is the fiduciary for the pension funds, oversees the audits, does the city's certified financial audit every year…”
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“We need to get vaccine distributed in a way that's far more equitable than it is, and we need to do that quickly and transparently.”
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“The biggest single area of headcount growth...is the universal pre K and 3K programs.”
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“The plan...to only hire one new city employee for every three who leave...brought headcount down by 7,000.”
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“The projection is that doing that over the next year will bring it down by another 5,000.”
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“We hired more police officers even as we had a freeze on teachers and sanitation workers and parks workers.”
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“I'm not going to make an endorsement in the mayor's race. So I'm not going to owe anybody anything.”
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“I'm the only candidate in the race who's not taking contributions from real estate developers for profit lobbyists, fossil fuel executives…”
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“We've just released a great plan to refocus our city's affordable housing program around what we call social housing.”
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