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Zohran Mamdani: “The city also has about $3 billion in its rainy day fund and…”

Featuring: Zohran Mamdani, Democratic | Mayor of New York City

New York City Mayoral Candidate Zohran Mamdani Discusses Housing, Public Goods, and Economic Policies on Odd Lots Podcast

Published May 23, 2025 | Video Starts at 30:14

So that's our fiscal policy of how we raise 10 billion. Now, you always have to prepare for every eventuality. The city also has about $3 billion in its rainy day fund and its reserves combined. It also, in times of economic growth, as we've generally seen in the last few years, sees its budget increase by 2 to 3 billion dollars. (30:14–30:20)

CLAIM

Asserts that New York City has $3 billion in its rainy day fund and reserves.

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.

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