00:00I want to speak directly to New Yorkers who have for too long been missed.
00:05Misled and misinformed about the true state of our city's finances.
00:10I will be blunt. New York City is facing a serious fiscal.
00:15There is a massive fiscal deficit in our city's budget to the tune.
00:20We did not arrive at this place by accident.
00:25This crisis has a name and a chief architect.
00:30In the words of the Jackson 5, it's as easy as ABC.
00:33This is the Adam.
00:35Adam's budget crisis in 2025 under the banner of what he.
00:40Called the best budget ever.
00:42Former mayor Eric Adams handed the next administration.
00:45A poison chalice.
00:47He systematically under budgeted services that New York.
00:50New Yorkers rely on every single day.
00:52Rental assistance, shelter, and special.
00:55Social education while quietly leaving behind enormous gaps for the future.
01:00And knowing his time in office was likely coming to an end.
01:03Mayor Adams chose political.
01:05Social self-preservation over fiscal responsibility.
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