New Delhi, April 2 -- As the New York City Council says it found $6 billion to close the city budget gap without increasing city property taxes, Mayor Zohran Mamdani argued that that the proposal would ultimately shift the burden onto working New Yorkers.

"Speaker Julie Menin's preliminary budget proposal would result in slashing billions of dollars from agency budgets, which would force the City to cut services," Mamdani said in a statement. "Any proposal that claims we can close this gap without significant new revenue is unrealistic."

In an Instagram video, Mamdani later breaks down what the proposal actually means, captioning it: "What New Yorkers should know about the budget proposal released today by the New York City Council."

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