Zohran Mamdani: “We are forced to raid the Rainy Day Fund, the Retiree Health…”

“However, in order to get to this point of closing the gap on both this fiscal year and the next fiscal year, We are forced to raid the Rainy Day Fund, the Retiree Health Benefits Trust Reserve, and to increase property taxes across these other years. Want to oh, on the labor. Sure. Labor negotiations are ongoing. They never really end. There are a few contracts that were never settled in the last administration, like EMTs.” (38:43–38:53)

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.