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Michael Blake: “You have $3.1 billion in reserves. Not talking about…”

Featuring: Michael Blake, Democratic | Former Candidate, U.S. House New York, District 15

New York City Mayoral Candidate Michael Blake Discusses Campaign Vision and Policies

Published May 15, 2025 | Video Starts at 34:33

Then people will say, and again, I do think elections about choice and contrast. Michael Blake, this sounds like this would be Expensive. Well, here's the reality. You have $3.1 billion in reserves. Not talking about pensions. Right. If we help people pay their bills and be able to spend money now, you're spending less on them being dependent on government services. (34:33–34:38)

CLAIM

Asserts that there are $3.1 billion in reserves, excluding pensions.

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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Michael Blake

“You have $2 billion of unclaimed fines and fees in New York City primarily from parking tickets.”
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“We need to have a vacant apartment tax, which...can generate $400 million by itself.”
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“NYPD has $1.4 billion in overtime that clearly was not connected to public safety.”
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“It absolutely is legal [for businesses to withhold taxes from the federal government].”
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“There was a sex scandal for promotions that was happening that led to that 1.4 billion that had nothing to do about public safety.”
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“You have about 180,000 immigrants, in particular African immigrants, who do not have legal representation when they're going into these…”
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“1 out of 8 kids being homeless in New York City schools.”
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“If [developers and landlords] are not hitting these metrics, they should have the incentives taken away.”
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“I'm the only person that has been a part of a team that has actually defeated Donald Trump when I was vice chair of the DNC.”
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“I'm the only person who has White House, State House, and local experience.”
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“Kairos Democracy Project was the entity to have a better communication outlet to mobilize people for real impact.”
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“We did have involvement at the end of the 2024 cycle because we wanted to get more people from New York to go do organizing in Pennsylvania.”
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“Trump and his team were utilizing chats exceptionally well to feed Republican messaging.”
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“We have to have a local median income. Because area median income is not working.”
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“We should eliminate credit scores being used for rent homeownership applications. It is a discriminatory practice.”
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“We also have to increase and expand income thresholds for housing applications.”
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“There has to be an approach around universal child care, which again, we can pay for these elements.”
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“Officers should not be the first responders for mental health concerns; mental health professionals should be.”
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“Changes in Albany from discovery, speedy trial, et cetera, so that repeat offenders in highly concentrated neighborhoods are held…”
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“We have allowed messaging to confuse us from the facts. Poor is something that someone feels that's not connected to a number.”
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“We have a metric of 600,000 being the units that we believe we have to get to [for affordable housing].”
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“You have to ensure that you're building to the middle and working class, which goes back to implementing the true cost of living.”
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“We shouldn't have ICE at our schools, our places to worship, our community centers, because it's unconstitutional and it's wrong.”
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“We have allowed MAGA Republicans...to make immigration a Latino only conversation.”
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“We will have a scenario from 2026 to 2030 where at least for two years we're going to be wondering and assessing how are we protecting the…”
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“It's not a scenario where we don't have the funds. That's the wild part, right? The money's there.”
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“I have said within the first 100 days that I would declare an emergency around the true cost of living and affordability.”
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“Contracts that are outstanding to the nonprofits who have done the work already would be paid within that 100 days.”
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“You have families who are literally waiting months, if not years for payments where they know the money is already there.”
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“We voted for this. We this passed.”
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“There's a reason why you have a mayor's for guaranteed income across city, which again, is different from universal basic income.”
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“We're seeing this in Stockton, California. We're seeing this in St. Louis, what they did with baby bonds.”
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“The reason why Donald Trump won twice and Joe Biden won once is they focus on the economic agenda.”
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“You're going to see obscene, continual cuts to communities already hurting [from 2026 through 2029].”
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