Zohran Mamdani: “We were anticipating that the first year would yield $500…”

“And what we are seeing is that it is outstripping even the fiscal projections of what it would raise in a calendar year. We were anticipating that the first year would yield $500 million. And there were concerns of was that possible to hit? And what we found instead is that this program in a calendar year has now raised close to $550 million.” (12:26–12:31)

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.