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 a billion dollars 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. (01:18–01:36)
CLAIM
Asserts that the budget deficit was reduced from $12 billion to $5.4 billion with aid and savings.
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