Zohran Mamdani: “Our aggressive savings plan, daily incorporation of updated…”

“This administration will govern with the seriousness, responsibility and accountability that has too long been absent from City Hall. When we took office, we inherited a historic budget gap. Our aggressive savings plan, daily incorporation of updated revenue and bonus estimates, and our deployment of in year reserves in tandem with more than $1 billion in additional aid from Governor Hochul, have lowered that deficit from an initial $12 billion to $5.4 billion. While considerably less, it is still a significant chasm. I know that for those who have watched budget after budget, it is tempting to assume that we are engaging in the same dance as our predecessors.” (00:51–01:09)

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