Zohran Mamdani: “This is the sales tax Distressed hospital intercept.”

“The fiscal impact of the decoupling from federal legislation will yield $723 million in additional revenue starting in the next fiscal year. Here is part of the $1.5 billion that I was referring to earlier from the state. This is the sales tax Distressed hospital intercept. Here is the impact from state tax programs that we support but also have A fiscal impact on the city taking $3 million in revenue this year, 64 million the next year.” (16:52–16:56)

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.