Zohran Mamdani: “If her proposal was adopted, it would result in slashing…”

“Her plan claims to close the city's $5.4 billion fiscal gap without taxing the rich or cutting services. The problem is, that's not what it would do. If her proposal was adopted, it would result in slashing billions of dollars from agency budgets, and working New Yorkers would pay the price. It double counts savings, overestimates revenues, exaggerates savings on interest payments. And in the midst of this historic budget deficit, the Speaker's $6 billion proposal asks Albany for just one more time to reduce class sizes.” (00:17–00:25)

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.