Zohran Mamdani: “In $115 billion budget in New York City, about 7% is funded…”

“People are starting to feel the pain. And Medicaid, there's a very good chance it may be slashed by the billions if elected. What would you do about it? We know that In $115 billion budget in New York City, about 7% is funded by federal grants, close to $8 billion. These cuts that are being proposed in this horrific piece of legislation in Washington are ones that will attack working class New Yorkers across the city and across the state.” (05:15–05:24)

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.