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Zohran Mamdani: “He budgeted $1.47 billion for shelter costs this fiscal…”

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

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JUST IN: Zohran Mamdani Holds Press Briefing On Former NYC Mayor Eric Adams' Budget 'Crisis'

Published | Video Starts at 04:43

It was a pattern. He budgeted $860 million for cash assistance this fiscal year, but current estimates are 1.6 to $5 billion, nearly double what he had accounted for. He budgeted $1.47 billion for shelter costs this fiscal year, but current estimates reflect an additional unaccounted for $500 million. He budgeted paltry fractions of what was actually required, undermining the city's ability to fulfill its promises. These are not optional services. They are critical responsibilities of city government. (04:43–04:53)

CLAIM

Asserts that Adams budgeted $1.47 billion for shelter costs, but estimates show an additional $500 million needed.

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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