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Zohran Mamdani: “He budgeted $860 million for cash assistance 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 04:32

The budgetary choices he made in the past have consequences that we reckon with today, with ripple effects extending into into the years to come. Former Mayor Adams made the repeated deliberate choice to under budget. 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. (04:32–04:41)

CLAIM

Asserts that Adams budgeted $860 million for cash assistance, but estimates are $1.6 to $5 billion.

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