Zohran Mamdani: “In the first fiscal year we've put a goal of 1.5% [budget…”

“In a Bloomberg would asking the agencies to do 5% like every year, why not adopt something like that for better? So In the first fiscal year we've put a goal of 1.5% [budget cuts]. In the second fiscal year we put a goal of 2.5%. And what we found is that in prior administrations, when you set an expense goal of 3, 5, as we saw in the prior administration, that's the point at which the city has to start to change its service provision.” (10:41–10:48)

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.