Mayor Zohran Kwame Mamdani: Good morning, everyone. I would like to start by thanking Speaker Menin, Finance Chair Linda Lee and the entire City Council for their partnership. And I want to thank Sherif Soliman, my director of the Office of Management and Budget, as well as the entire OMB team for their incredible hard work and their devotion to our city. Twenty-one weeks ago, I spoke directly to New Yorkers about the scale of the massive budget crisis that we had inherited. It was January — snow lay on the ground. Our city was reckoning with a $12 billion deficit, a fiscal crisis larger than any since the Great Recession. For too long, New York City had relied on budgeting tricks instead of budgeting honestly. Costs were hidden, fiscal cliffs were ignored [and] difficult decisions were deferred for someone else to make. We chose a different path. Fourteen weeks…
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