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Zohran Mamdani: “We are saving $24 million by eliminating unused space and…”

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

Mayor Mamdani Presents FY27 Executive Budget

Published May 12, 2026 | Video Starts at 08:17

From the NYPD to DCWP, we are saving $28 million by modernizing technology and reducing costs for software licenses. From OTI to DSNY, We are saving $24 million by eliminating unused space and consolidating agency leases. And across every agency. (08:17–08:23)

CLAIM

Asserts that $24 million is being saved by eliminating unused space and consolidating agency leases.

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.

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Zohran Mamdani

“When we took office, the deficit was vast, more than $12 billion.”
Mayor Mamdani Presents FY27 Executive Budget | Uploaded May 12, 2026 | 00:59-01:06
“We have closed the gap entirely down to zero.”
Mayor Mamdani Presents FY27 Executive Budget | Uploaded May 12, 2026 | 01:27-01:31
“We partnered with Governor Hochul, Majority Leader Stuart Cousins and Speaker Carl Hastie to secure New York City's first ever pied a terre…”
Mayor Mamdani Presents FY27 Executive Budget | Uploaded May 12, 2026 | 03:51-04:00
“For the first time in New York City history, we directed every city agency to appoint a chief savings officer.”
Mayor Mamdani Presents FY27 Executive Budget | Uploaded May 12, 2026 | 07:17-07:25
“New York City was reckoning with a historic budget gap.”
Mayor Mamdani Presents FY27 Executive Budget | Uploaded May 12, 2026 | 00:17-00:22
“We took aggressive steps to tackle the deficit and drove it down to $5.4 billion.”
Mayor Mamdani Presents FY27 Executive Budget | Uploaded May 12, 2026 | 01:14-01:20
“This budget does not raise property taxes and it refuses to slash services.”
Mayor Mamdani Presents FY27 Executive Budget | Uploaded May 12, 2026 | 01:40-01:46
“We partnered with Albany, securing billions in new funding.”
Mayor Mamdani Presents FY27 Executive Budget | Uploaded May 12, 2026 | 02:08-02:12
“We taxed the rich, asking those with the most to contribute a little bit more.”
Mayor Mamdani Presents FY27 Executive Budget | Uploaded May 12, 2026 | 02:17-02:23
“We pulled New York City back from an existential fiscal brink.”
Mayor Mamdani Presents FY27 Executive Budget | Uploaded May 12, 2026 | 02:29-02:34
“The gaps the Adams administration left behind were not only more than double what had been publicly projected just months earlier.”
Mayor Mamdani Presents FY27 Executive Budget | Uploaded May 12, 2026 | 06:11-06:18
“They were more than three times higher than the pre Covid 10 year average and exceeded even the deficits we faced during the Great…”
Mayor Mamdani Presents FY27 Executive Budget | Uploaded May 12, 2026 | 06:18-06:28
“Across six major areas alone, more than $7.5 billion in expected costs had simply not been accounted for.”
Mayor Mamdani Presents FY27 Executive Budget | Uploaded May 12, 2026 | 06:36-06:45
“The city faced $5.85 billion more in unfunded mandates and unmet obligations over fiscal years 2026 and 2027.”
Mayor Mamdani Presents FY27 Executive Budget | Uploaded May 12, 2026 | 06:46-06:56
“We launched an unprecedented citywide savings initiative.”
Mayor Mamdani Presents FY27 Executive Budget | Uploaded May 12, 2026 | 07:13-07:17
“Agencies identified $1.47 billion in savings initiatives over two years, alongside more than $300 million in vacancy reductions.”
Mayor Mamdani Presents FY27 Executive Budget | Uploaded May 12, 2026 | 07:36-07:46
“CSOs have identified savings of $94 million through procurement reform.”
Mayor Mamdani Presents FY27 Executive Budget | Uploaded May 12, 2026 | 07:48-07:54
“We are saving $28 million by modernizing technology and reducing costs for software licenses.”
Mayor Mamdani Presents FY27 Executive Budget | Uploaded May 12, 2026 | 08:08-08:16