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Zohran Mamdani: “We saw it was at least $12 billion.”

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

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Mayor Zohran Mamdani Announces New Program To Speed Up NYC Affordable Housing Developments

Published | Video Starts at 18:18

So we came into this administration inheriting a generational fiscal crisis the likes of which we hadn't seen since 2008. And frankly, this even dwarfed that, as when we came into office, We saw it was at least $12 billion. Now, thanks to the hard work, both within city government, also in partnership with the state, we were able to bring that 12 billion down to $5.4 billion. (18:18–18:22)

CLAIM

Asserts that the fiscal crisis was at least $12 billion.

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