What I will say is that on February 17, when we put forward our preliminary budget, we said that we had been able to reduce that deficit to 5.4 billion. And we've seen progress since the 17th of February, Including this Pied a Terre tax, which would raise 500 million annually for the city specifically. And the additional conversations they continue would with the governor. We've been clear that this is a structural crisis. This is not a crisis that is born of one time spending that happened this year. (35:03–35:09)
CLAIM
Asserts that the Pied a Terre tax would raise $500 million annually for the city.
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.
.jpg)