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Zohran Mamdani: “Agencies identified $1.47 billion in savings initiatives…”

Featuring: Zohran Mamdani, Democratic | Mayor of New York City

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Mayor Mamdani Presents FY27 Executive Budget

Published | Video Starts at 07:36

They were tasked with achieving aggressive savings targets 1.5% in fiscal year 2026 and 2.5% in fiscal year 2027. And they delivered. Together. Agencies identified $1.47 billion in savings initiatives over two years, alongside more than $300 million in vacancy reductions. Let's break those numbers down. CSOs have identified savings of $94 million through procurement reform. From DOE to DEP to DYCD, we are terminating consultant contracts and bringing work in house. (07:36–07:46)

CLAIM

Asserts that agencies identified $1.47 billion in savings initiatives and over $300 million in vacancy reductions.

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