Zohran Mamdani: “Mayor Adams underestimated known budget expenses so he could…”

“The Adams administration dramatically and intentionally understated the problem. The budget gaps are twice as high year after year. Notably, Mayor Adams underestimated known budget expenses so he could show fiscal year 2026 was balanced. These are not differences in Opinion between accountants. They are measured to the tune of more than $7 billion beyond what he published. We are dealing with vast figures and statistics that can often feel intangible.” (02:59–03:06)

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.