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Zohran Mamdani: “We had to reduce the 5.4 billion to zero to provide the…”

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

NYC Mayor Zohran Mamdani Holds Press Briefing To Announce Mayor's Office Of LGBTQIA+ Affairs

Published March 13, 2026 | Video Starts at 24:25

The governor's commitment to the health and vitality of our city translated into a $1.6 billion commitment that then reduced that 7 billion to 5.4 billion. Now in the preliminary budget, We had to reduce the 5.4 billion to zero to provide the legally required balanced budget. And to do so, we had to use elements of the rainy day fund. Now I am fully committed to building a city that is back on firm financial footing, … (24:25–24:31)

CLAIM

Asserts that the fiscal deficit was reduced from $5.4 billion to zero to balance the budget.

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

“New York City is home to the largest number of queer people in our country.”
NYC Mayor Zohran Mamdani Holds Press Briefing To Announce Mayor's Office Of LGBTQIA+ Affairs | Uploaded March 13, 2026 | 03:55-04:00
“Taylor will be the first out trans woman to lead a city office in New York City history.”
NYC Mayor Zohran Mamdani Holds Press Briefing To Announce Mayor's Office Of LGBTQIA+ Affairs | Uploaded March 13, 2026 | 05:59-06:05
“We inherited a fiscal deficit of about $12 billion when I took office.”
NYC Mayor Zohran Mamdani Holds Press Briefing To Announce Mayor's Office Of LGBTQIA+ Affairs | Uploaded March 13, 2026 | 24:05-24:10
“Queer New Yorkers frequently encounter discrimination or a dearth of providers properly trained to care for them in health care settings.”
NYC Mayor Zohran Mamdani Holds Press Briefing To Announce Mayor's Office Of LGBTQIA+ Affairs | Uploaded March 13, 2026 | 03:21-03:35
“Queer New Yorkers often have more trouble accessing quality health care and city services.”
NYC Mayor Zohran Mamdani Holds Press Briefing To Announce Mayor's Office Of LGBTQIA+ Affairs | Uploaded March 13, 2026 | 04:08-04:14
“Queer New Yorkers face higher rates of homelessness and job insecurity.”
NYC Mayor Zohran Mamdani Holds Press Briefing To Announce Mayor's Office Of LGBTQIA+ Affairs | Uploaded March 13, 2026 | 04:09-04:14
“Taylor Brown will serve as the first Director of the Office of LGBTQIA Affairs.”
NYC Mayor Zohran Mamdani Holds Press Briefing To Announce Mayor's Office Of LGBTQIA+ Affairs | Uploaded March 13, 2026 | 04:58-05:09
“New York City remains a global haven for queer life.”
NYC Mayor Zohran Mamdani Holds Press Briefing To Announce Mayor's Office Of LGBTQIA+ Affairs | Uploaded March 13, 2026 | 07:39-07:44
“City hall will stand with queer New Yorkers today. City hall will stand with queer New Yorkers tomorrow. And City hall will stand with queer…”
NYC Mayor Zohran Mamdani Holds Press Briefing To Announce Mayor's Office Of LGBTQIA+ Affairs | Uploaded March 13, 2026 | 07:59-08:09
“There will absolutely be money allocated for this office [to protect LGBTQIA plus New Yorkers].”
NYC Mayor Zohran Mamdani Holds Press Briefing To Announce Mayor's Office Of LGBTQIA+ Affairs | Uploaded March 13, 2026 | 17:52-17:56
“The decision regarding the former Adams administration officials and their entitlement to city representation was made independently by the…”
NYC Mayor Zohran Mamdani Holds Press Briefing To Announce Mayor's Office Of LGBTQIA+ Affairs | Uploaded March 13, 2026 | 18:39-18:50
“The city has a role in standing up for the rights of New Yorkers and ensuring the compliance with the law.”
NYC Mayor Zohran Mamdani Holds Press Briefing To Announce Mayor's Office Of LGBTQIA+ Affairs | Uploaded March 13, 2026 | 19:21-19:29
“I made very clear my opposition to the decisions made by NYU Langone [regarding ending gender affirming care].”
NYC Mayor Zohran Mamdani Holds Press Briefing To Announce Mayor's Office Of LGBTQIA+ Affairs | Uploaded March 13, 2026 | 19:32-19:39
“The city of New York would not be the city that it is without queer and trans New Yorkers who call it home.”
NYC Mayor Zohran Mamdani Holds Press Briefing To Announce Mayor's Office Of LGBTQIA+ Affairs | Uploaded March 13, 2026 | 20:04-20:11
“The actions we took reduced that $12 billion to about $7 billion.”
NYC Mayor Zohran Mamdani Holds Press Briefing To Announce Mayor's Office Of LGBTQIA+ Affairs | Uploaded March 13, 2026 | 24:10-24:15
“The governor's commitment to the health and vitality of our city translated into a $1.6 billion commitment.”
NYC Mayor Zohran Mamdani Holds Press Briefing To Announce Mayor's Office Of LGBTQIA+ Affairs | Uploaded March 13, 2026 | 24:14-24:22
“I think the two best ways for us to reckon with this fiscal deficit is by taxing the wealthiest New Yorkers and the most profitable…”
NYC Mayor Zohran Mamdani Holds Press Briefing To Announce Mayor's Office Of LGBTQIA+ Affairs | Uploaded March 13, 2026 | 25:05-25:14
“We have a number of state legislators here who are fresh off of voting for one House budgets.”
NYC Mayor Zohran Mamdani Holds Press Briefing To Announce Mayor's Office Of LGBTQIA+ Affairs | Uploaded March 13, 2026 | 25:39-25:44
“Those are budgets that put forward $5 billion in commitments in a mixture of new revenue and change in the cost sharing towards the city.”
NYC Mayor Zohran Mamdani Holds Press Briefing To Announce Mayor's Office Of LGBTQIA+ Affairs | Uploaded March 13, 2026 | 25:44-25:55
“Any changes in economic outlooks to the city's fiscal health are premature because they do not take into account the commitment we're seeing…”
NYC Mayor Zohran Mamdani Holds Press Briefing To Announce Mayor's Office Of LGBTQIA+ Affairs | Uploaded March 13, 2026 | 26:02-26:11