All of those things added together with addition to the reserves as well, we find the total expenditures of $122.3 billion for this fiscal year, 127 billion for the next fiscal year. The gap to be closed in 26 is 0 and 27 is 0 as required by law. and then the gaps in the out years. Now take your questions and have the first deputy mayor and budget director available for them as well. We'll start with Katie. (21:38–21:44)
CLAIM
Asserts that the budget gaps for fiscal years 2026 and 2027 are zero, as legally required.
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.