Zohran Mamdani: “The city faced $5.85 billion more in unfunded mandates and…”

“Across six major areas alone, more than $7.5 billion in expected costs had simply not been accounted for. Beyond that under budgeting, The city faced $5.85 billion more in unfunded mandates and unmet obligations over fiscal years 2026 and 2027. We have tackled this crisis with a multifaceted approach. We invested in long term efficiency instead of short term gimmicks to ensure that we never arrive here again.” (06:46–06:56)

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.