Zohran Mamdani: “The $12 billion budget deficit confronting our city was…”

“What we found was in line with what former City Controller lander found on December 16, what State Controller DiNapoli found on December 22, and what City Comptroller Levine affirmed on January 16. The $12 billion budget deficit confronting our city was historically vast. After incorporating $4 billion in revenue above what the November Plan had assessed and after taking standard budget actions, our administration found that our city's deficit was in line with the controller's projections.” (05:00–05:05)

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.