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Zohran Mamdani: “We eventually did so over the objections of then Governor…”

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

New York City Mayoral Candidate Zohran Mamdani Discusses Housing, Public Goods, and Economic Policies on Odd Lots Podcast

Published May 23, 2025 | Video Starts at 27:09

When I came into office in 2021, one of the first battles that I helped to lead was to raise taxes on the most profitable corporations and the wealthiest New Yorkers so that we could fully fund our public schools. And We eventually did so over the objections of then Governor Cuomo, raising about $4 billion. And that allowed us to fulfill the legal requirement of the Campaign for Fiscal Equity, a landmark campaign case, with regards to fully funding public schools. (27:09–27:15)

CLAIM

Asserts that taxes were raised, generating $4 billion, despite opposition from Governor Cuomo.

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

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“Tokyo is building 10 homes for every thousand people. Jersey City is at seven and New York is barely at four.”
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“The time it takes to fill a vacant unit in NYCHA now exceed more than a year.”
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“Airbnb is spending more than a million dollars on local races.”
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“The mayor sets the rent increases for more than 2 million New Yorkers who live in rent stabilized housing.”
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“He's raised [rents] more than 9%.”
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“The Rent Guidelines Board, which is entirely composed of [the mayor's] appointees, found that the landlords... had seen an increase in their…”
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“The City of New York under Eric Adams administration sided with Walmart in support of Con Edison's request to raise those rates by $65 a…”
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“The city...sees its budget increase by 2 to 3 billion dollars.”
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“We have passed legislation that allowed landlords to double the amount of money they can receive for IAIs, which are otherwise known as…”
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“The rent guidelines had that findings of the 12% increase in revenue for those landlords.”
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“There is a program where [landlords] can apply a hardship program for relief when they show that their income from rents is not matching up…”
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“Housing production has not been evenly distributed across this city, especially in wealthier neighborhoods.”
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“NYCHA is technically underneath the auspices of the federal government, but the city and the state have an immense role to play.”
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“The federal government has refused to fund the plan to put at least $40 billion towards NYCHA.”
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“We have proposed a pilot program of a network of five municipal owned grocery stores, one in each borough.”
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“We have a world class city and we do not have world class public transit.”
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“Woodside Houses, which is a NYCHA development, is piloting a large scale installation of heat pumps.”
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“We will create a Department of Community Safety, the DCS, which understands that police have a critical role to play in public safety.”
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“We are currently relying on [police] to respond to almost every single failure of the social safety net.”
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“We can see that in their inability to raise their clearance rates of the major seven categories of crime.”
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“Our DCS will tackle five key [issues]: homelessness, mental health crisis, gun violence, hate crimes, and victim services.”
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“When we wanted to create universal pre-k, we required Albany.”
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“When we wanted congestion pricing, we required Albany.”
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“When I came into office in 2021, one of the first battles that I helped to lead was to raise taxes on the most profitable corporations and…”
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“That allowed us to fulfill the legal requirement of the Campaign for Fiscal Equity, a landmark campaign case, with regards to fully funding…”
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“It's difficult for a number of politicians to raise taxes on the rich when those politicians are also funded by the rich.”
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“The legislature has, in its own budget proposals, proposed those increases on income taxes for the wealthiest New Yorkers and on raising the…”
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“Our proposal is to raise the top state corporate tax rate to match that of [New Jersey], 7.25% here in New York to match theirs of 11.5%.”
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“It would raise $5 billion just in doing so.”
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“The second part of the tax plan, which would raise $4 billion, would be to increase New York City's income tax rate on the top 1% of income…”
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“Those two things together raise $9 billion and then we raise an additional billion through good government reforms.”
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“The city also has about $3 billion in its rainy day fund and its reserves combined.”
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“We have a city budget of $115 billion.”
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“We are the only campaign other than Cuomo to have broken double digits with every single ethnic group across the city.”
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“We have seen ourselves, for example, just break 20% in support with Latino voters.”
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“We have now raised $8 million, the most amount of money we can legally spend in this race, faster than any campaign in history.”
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“Andrew Cuomo couldn't follow basic paperwork requirements to receive millions of dollars in public matching funds.”
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“Andrew Cuomo couldn't write a housing policy without the assistance of ChatGPT.”
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“Andrew Cuomo couldn't spell the names of its endorsers correctly in his own press releases.”
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“Mayor Adams hires people with whom he has 100% agreement.”
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“Airbnb is transforming housing into small-scale hotels.”
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