Zoran Mamdani

Years of mismanagement and chronic under-budgeting alongside a structural imbalance between what New York City sends to the state and what we receive in return have taken a toll.

We cannot close this deficit with savings alone.

We need new revenue.

And we need a structural reset in our relationship with the state.

That is the only way to meet our legal obligation to pass a balanced budget.

And to do so without imposing a financial burden onto the backs of working people.

I'm glad to partner with Speaker Menon as we call upon Albany and deliver a balanced budget.

Together, we are extending the executive budget deadline from this coming Friday until May 12th because a crisis of this scale cannot be solved without state action.

New York City faces a budget crisis of a historic magnitude.

We inherited a deficit larger than any since the Great Recession.

Years of mismanagement and chronic under-budgeting alongside a structural imbalance between what New York City sends to the state and what we receive in return have taken a toll.

We cannot close this deficit with savings alone.

We need new revenue.

And we need a structural reset in our relationship with the state.

That is the only way to meet our legal obligation to pass a balanced budget.

And to do so without imposing a financial burden onto the backs of working people.

I'm glad to partner with Speaker Menon as we call upon Albany and deliver a balanced budget.

Together, we are extending the executive budget deadline from this coming Friday until May 12th because the crisis of the scale cannot be solved without state action.

I'd like to welcome the 112th mayor of New York City, Mayor Zoran Mamdani.

I think he's feeling pretty good, Sean.