And the money that they put up, the $5 billion is completely illusory. There is no budget in the city for the 4 billion that they committed. And The 1 billion has to go through Albany. Do you trust Albany to pass a budget that has that billion dollars in it? So what I can promise people is that next week they're going to see a much better plan for me that has a lot of different components. (11:38–11:41)
CLAIM
Asserts that $1 billion of the "city of yes" funding requires approval from Albany.
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.