reSee.it Video Transcript AI Summary
In recent months, our administration has delivered for New Yorkers with increased jobs and decreased crime. However, we face fiscal challenges due to the asylum seeker crisis and the ending of COVID-19 stimulus funding. Without timely action from state and federal partners, tough choices will need to be made. We have already reduced city-funded spending by 5% and balanced the budget without disrupting services or raising taxes. But we still have a $7 billion budget gap and may need to make further cuts. We need to unite as a city and ask Albany and Washington DC for support. Despite the challenges, we will come back stronger, as that is the New York City way.