Zohran Mamdani: “We are looking at every which way we can to bridge a $5.4…”

“However, the city has very limited tools by which it can reach the legal requirement of a balanced budget in both this fiscal year and the next fiscal year. We are looking at every which way we can to bridge a $5.4 billion fiscal deficit. And as part of our path of reducing the 12 billion to this point, we have a very aggressive savings plan, one that we anticipate, as we showcased, will yield around $1.7 billion over two fiscal years.” (30:07–30:16)

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.