Zohran Mamdani: “We launched an unprecedented citywide savings initiative.”

“We invested in long term efficiency instead of short term gimmicks to ensure that we never arrive here again. First, let's talk about how we met our $1.77 billion savings goal. We launched an unprecedented citywide savings initiative. For the first time in New York City history, we directed every city agency to appoint a chief savings officer. They were tasked with achieving aggressive savings targets 1.5% in fiscal year 2026 and 2.5% in fiscal year 2027.” (07:13–07:17)

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