Zohran Mamdani: “State revenue grew by $48 billion. New York City alone…”

“While we contribute the majority of state revenue growth, we do not receive the same proportion of state funds from fiscal year 2010 to fiscal year 2022. A period where Andrew Cuomo served as governor for almost the entire duration. State revenue grew by $48 billion. New York City alone generated 64% of that growth, or $31 billion. But when expenditures increased by $36 billion, New York City received only 42%, or $15 billion annually. That is an $8 billion shortfall of what our city was owed.” (06:09–06:19)

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.