# NYC Budget Crisis: Leaders Seek State Revenue and Extend Deadline

- Original post: https://www.twitter.com/i/status/2107618725150982214
- Source account: [@DeIntelpatriot](https://x.com/DeIntelpatriot)
- Source language: English
- Duration: 1:20
- Published: 2026-10-07
- Canonical URL: https://www.translate.mom/transcript/1nUNr1Oj1MmO/en/nyc-budget-crisis-leaders-seek-state-revenue-and-extend-deadline

## Transcript

[0:00](https://www.translate.mom/transcript/1nUNr1Oj1MmO/en/nyc-budget-crisis-leaders-seek-state-revenue-and-extend-deadline) New York City faces a budget crisis of a historic magnitude.

[0:04](https://www.translate.mom/transcript/1nUNr1Oj1MmO/en/nyc-budget-crisis-leaders-seek-state-revenue-and-extend-deadline?t=4) We inherited a deficit larger than any since the Great Recession.

[0:08](https://www.translate.mom/transcript/1nUNr1Oj1MmO/en/nyc-budget-crisis-leaders-seek-state-revenue-and-extend-deadline?t=8) 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.

[0:27](https://www.translate.mom/transcript/1nUNr1Oj1MmO/en/nyc-budget-crisis-leaders-seek-state-revenue-and-extend-deadline?t=27) 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 Heaton as we call upon Albany and deliver a balanced budget.

[0:42](https://www.translate.mom/transcript/1nUNr1Oj1MmO/en/nyc-budget-crisis-leaders-seek-state-revenue-and-extend-deadline?t=42) 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. I wanna be clear, we are not simply asking others to act. New York City is doing our part.

[0:57](https://www.translate.mom/transcript/1nUNr1Oj1MmO/en/nyc-budget-crisis-leaders-seek-state-revenue-and-extend-deadline?t=57) We are committed to governing with the fiscal responsibility this moment demands.

[1:01](https://www.translate.mom/transcript/1nUNr1Oj1MmO/en/nyc-budget-crisis-leaders-seek-state-revenue-and-extend-deadline?t=61) Speaker Heaton and I have already identified meaningful savings, and we will continue that work carefully, deliberately, and without cutting the services that New Yorkers rely on.

[1:11](https://www.translate.mom/transcript/1nUNr1Oj1MmO/en/nyc-budget-crisis-leaders-seek-state-revenue-and-extend-deadline?t=71) But we cannot do it alone. That is why we are standing together this morning, to underscore what is at stake and to call on Albany to deliver additional revenue.