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. Now we are talking about a program that at its current level, is growing at about 4 to 5% per month. (18:26–18:31)
CLAIM
Asserts that the fiscal deficit was reduced from $12 billion to $5.4 billion.
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.