Zohran Mamdani: “We inherited a fiscal deficit of about $12 billion when I…”

“Here in New York City, we have a legal requirement of balancing the budget at every moment that we introduce it, whether it be the preliminary budget, the executive budget, or the adopted budget. And We inherited a fiscal deficit of about $12 billion when I took office. The actions we took reduced that $12 billion to about $7 billion. 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.” (24:05–24:10)

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