Zohran Mamdani: “2.5% is the highest level of savings that we can anticipate…”

“… whether it be through vacancies, whether it be for a two for one rule, whether it be by the grounding to a halt of many city services, we believe that 2.5% is the highest level of savings that we can anticipate agency wide without starting to inhibit city services. Are you ready for blowback from black homeowners who would largely be most impacted by a property tax hike? This is a constituency that you've struggled with, especially obviously on the campaign trail.” (50:06–50:16)

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.