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Zohran Mamdani: “The City of New York under Eric Adams administration sided…”

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 04:39

Con Edison can only raise the rates of gas and electric with the permission of the state. And they do so through something called a rate case. The City of New York under Eric Adams administration sided with Walmart in support of Con Edison's request to raise those rates by $65 a month on average. And I know that because I was also a part of that rate case. One of the few elected officials who signed in opposition to it. (04:39–04:49)

CLAIM

Asserts that the city supported Con Edison's rate increase request, raising rates by $65 monthly on average.

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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Zohran Mamdani

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“The time it takes to fill a vacant unit in NYCHA now exceed more than a year.”
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“The mayor sets the rent increases for more than 2 million New Yorkers who live in rent stabilized housing.”
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“He's raised [rents] more than 9%.”
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“The Rent Guidelines Board, which is entirely composed of [the mayor's] appointees, found that the landlords... had seen an increase in their…”
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“The city...sees its budget increase by 2 to 3 billion dollars.”
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“We have passed legislation that allowed landlords to double the amount of money they can receive for IAIs, which are otherwise known as…”
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“The rent guidelines had that findings of the 12% increase in revenue for those landlords.”
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“There is a program where [landlords] can apply a hardship program for relief when they show that their income from rents is not matching up…”
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“Housing production has not been evenly distributed across this city, especially in wealthier neighborhoods.”
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“NYCHA is technically underneath the auspices of the federal government, but the city and the state have an immense role to play.”
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“The federal government has refused to fund the plan to put at least $40 billion towards NYCHA.”
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“We have proposed a pilot program of a network of five municipal owned grocery stores, one in each borough.”
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“We have a world class city and we do not have world class public transit.”
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“Woodside Houses, which is a NYCHA development, is piloting a large scale installation of heat pumps.”
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“We will create a Department of Community Safety, the DCS, which understands that police have a critical role to play in public safety.”
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“We are currently relying on [police] to respond to almost every single failure of the social safety net.”
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“We can see that in their inability to raise their clearance rates of the major seven categories of crime.”
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“Our DCS will tackle five key [issues]: homelessness, mental health crisis, gun violence, hate crimes, and victim services.”
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“When we wanted to create universal pre-k, we required Albany.”
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“When we wanted congestion pricing, we required Albany.”
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“When I came into office in 2021, one of the first battles that I helped to lead was to raise taxes on the most profitable corporations and…”
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“We eventually did so over the objections of then Governor Cuomo, raising about $4 billion.”
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“That allowed us to fulfill the legal requirement of the Campaign for Fiscal Equity, a landmark campaign case, with regards to fully funding…”
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“It would raise $5 billion just in doing so.”
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“The second part of the tax plan, which would raise $4 billion, would be to increase New York City's income tax rate on the top 1% of income…”
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“Those two things together raise $9 billion and then we raise an additional billion through good government reforms.”
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“The city also has about $3 billion in its rainy day fund and its reserves combined.”
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“We are the only campaign other than Cuomo to have broken double digits with every single ethnic group across the city.”
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“We have seen ourselves, for example, just break 20% in support with Latino voters.”
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“We have now raised $8 million, the most amount of money we can legally spend in this race, faster than any campaign in history.”
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“Andrew Cuomo couldn't spell the names of its endorsers correctly in his own press releases.”
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“Mayor Adams hires people with whom he has 100% agreement.”
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