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Zohran Mamdani: “An estimate looks like around 700 to $800 million a year.”

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

Interview with Zoram Mamdani: Vision for New York City Mayoral Campaign

Published December 1, 2024 | Video Starts at 03:06

But how much is that going to cost the mta, which has miles and miles and miles of monetary problems? I think that An estimate looks like around 700 to $800 million a year. And that may sound like a significant amount of money, which it is. But between a $350 billion budget across both New York City level and New York State level, it's a question of priorities. (03:06–03:11)

CLAIM

Asserts that making buses free would cost $700 to $800 million annually.

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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Zohran Mamdani

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“About two and a half million New Yorkers live in rent stabilized units, right? Those are units that their rent is set by the mayor.”
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“What this mayor has done is use that power to raise their rents by 9% and counting.”
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“Freezing the rent for rent stabilized tenant, making buses free for the million New Yorkers who ride them every day, and making them fast…”
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“We won a free bus pilot where we made one bus route in each borough free. We saw a drop in assaults on bus drivers by 38.9%, an increase in…”
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“Quebec instituted universal childcare and saw a 10 to 1 return on their investment.”
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“More than half a million New Yorkers live in public housing.”
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“The deficit of [NYCHA] is more than $60 billion.”
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“A median income of which is about $60,000, many of whom are fixed income seniors.”
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“In Albany, we have created against my will, more loopholes for landlords to actually raise the rent through means of individual apartment…”
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“The city has tools it's not currently using, like preferential signaling for a bus that can hold a green light for longer when a bus is…”
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“I think that we can find the money, one, through a better use of funds than what Eric Adams has been doing while he's been the mayor, and…”
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“Corporations include businesses like Google, like Apple, like Microsoft.”
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“I think in studies that I've seen, it's working class New Yorkers who are disproportionately leaving at higher numbers because they can't…”
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“Freezing the rent for those 2 1/2 million New Yorkers who live in rent stabilized units.”
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“Signing the legislation that bans forced broker fees for New Yorkers.”
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“We go from being a laughingstock in many ways in our public transit with regards to the speed of our buses.”
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“I have been supportive of the proposal by and large. I don't think that it will resolve the housing crisis in and of itself.”
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“It's important to allow for greater construction around specifically transit developments.”
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“Take away the parking mandate that has been a part of so much of New York City's zoning laws.”
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“All of them [parking mandates] should have been taken away.”
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“We always love to kick this football around and say, actually it's a federal government's responsibility.”
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“We need to take a serious approach to meeting the shortfall [of NYCHA].”
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“The conditions [in NYCHA] are deplorable.”
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“My dream legislation would be the one that I'm fighting for right now, which we've been fighting for, is free buses.”
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