Zohran Mamdani: “The city's currently owed $800 million by landlords in fines…”

“However, in that same plan, $1 billion is within the city's control, right? Collecting more than $500 million in fines and fees. The city's currently owed $800 million by landlords in fines that the city has not collected. If the city reduced procurement costs by 1%, that would save $300 million. If the city hired the fiscal auditors that the independent budget office recommended, we'd raise more than $160 million a year.” (04:48–04:54)

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.