Zohran Mamdani: “The city's budget is about $113 billion a year.”

“Small businesses are struggling in New York City. They employ a majority of all New Yorkers who are working in the private sector. We put forward a small business proposal where we would cut … The city's budget is about $113 billion a year. … the city if it gets $100 from a restaurant because they have a refrigerator every year. But for that restaurant, those are the kinds of things that can add up.” (16:19–16:24)

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.