Zohran Mamdani: “The city contributes 54.5% of the state's tax revenues, but…”

“And what that has left this city with is as described by the controller, not only a fiscal whole, but frankly a relationship between city and state where The city contributes 54.5% of the state's tax revenues, but only receives 40.5% in return. And this is the beginning of the budget processes. We will continue to make the case. What we will always make clear is that it's the health and well being of New Yorkers that we're advocating for.” (24:44–24:52)

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.