Zohran Mamdani: “Thanks to the work that we did, the savings, the allocations…”

“And as you said, we inherited the largest fiscal crisis that the city has seen since the Great Recession. Frankly, this dwarfs even that. When we first came into office, we were looking at $12 billion. And Thanks to the work that we did, the savings, the allocations of our reserves, the commitment from the governor, we were able to bring that down to $5.4 billion. Now what we're seeing is the importance of not just finalizing the city budget process, but the state budget process.” (01:14–01:24)

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.