Zohran Mamdani: “We have closed the gap entirely down to zero.”

“In the month that followed, we took aggressive steps to tackle the deficit and drove it down to $5.4 billion. Today, after three more months of painstaking work, I am proud to announce that We have closed the gap entirely down to zero. It has not been easy, but we have balanced the budget and we have done so without placing the burden on the backs of working New Yorkers.” (01:27–01:31)

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.