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Zohran Mamdani: “The November 2025 financial plan released by the Adams…”

Featuring: Zohran Mamdani, Democratic | Mayor of New York City

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WATCH LIVE: NYC Mayor Zohran Mamdani reveals preliminary budget proposals | NBC New York

Published | Video Starts at 16:11

Now I will go through our financial plan. As you can see here at the top. This is The November 2025 financial plan released by the Adams administration projected a balance of fiscal year 2026 and then the out year gaps of more than $6 billion with a gap of $4.6 billion in the fiscal year 2027. Here we see tax revenues $2.4 billion $4.1 billion fiscal year 2027. And then we have the out years. We can see here of the state action. (16:11–16:27)

CLAIM

Asserts that the November 2025 financial plan projects a balanced fiscal year 2026 and a $4.6 billion gap in fiscal year 2027.

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