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Whitney Tilson: “$40 billion of our $115 billion budget goes into the DOE and…”

Featuring: Whitney Tilson, Democratic | Former Hedge Fund Manager, Candidate for New York City Mayor

Whitney Tilson Discusses New York Mayoral Race, Endorsement of Andrew Cuomo, and Key City Issues

Published June 16, 2025 | Video Starts at 07:22

And so. But I do my best to elevate an issue that I care about a lot. Is the by far the single biggest part of our city budget. $40 billion of our $115 billion budget goes into the DOE and it's not well spent. Whitney Tilson, I want to ask a delicate question here in that there's such a distrust of Governor Cuomo. There are those that support part of him. (07:22–07:28)

CLAIM

Asserts that $40 billion of New York City's $115 billion budget is allocated to the Department of Education and is not well spent.

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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Whitney Tilson

“A bunch of legislation passed five years ago that effectively decriminalized all low level crime.”
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“We're down to a 34 year low in the number of police officers.”
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“The murder rate is down 28% year to date.”
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“Shootings are down 21%.”
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“The private sector wants to invest in the richest city in the world with a 60 year low vacancy rate.”
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“Almost every type of crime is down smaller amounts.”
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“We've got to clear that out and shorten what's a four year process on average down to a two year process, which is what it was under Mike…”
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“We spend more and get less than any city or state in the country [on public schools].”
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“Back when he [Governor Cuomo] was governor, he was a strong supporter of charter schools.”
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“We need, I think we need someone like Cuomo, and I'm optimistic he'd be up to the job.”
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“I think Trump is a bully and he respects other bullies and people who will stand up to him. And I think Governor Cuomo fits that bill.”
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“When the alternative for us is a 33 year old socialist, I think he would just get destroyed by city politics, would get destroyed and Albany…”
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