Mayor Zohran Mamdani is in Albany today, participating in his first 'Tin Cup Day' to make the case for New York City's budget.

It is an annual event where local government officials present their requests to state legislatures for their respective budgets.

The mayor addressed the city's budget gap, originally estimated to be just over $12 billion over two years. In his opening testimony, the mayor says the gap is less than anticipated at $7 billion.

"I’m glad to report that by assuming an aggressive posture on savings without compromising city services, incorporating updated revenue and bonus estimates, and using in-year reserves, we have lowered that $12 billion gap to $7 billion," the mayor said.

Mamdani maintained a similar stance, much of which he addressed in a recent press conference that he dubbed the "Adams' Budget Crisis", blaming his predecessor for gross mismanagement and underestimating known government expenses.

"He budgeted $860 million for cash assistance, when the need was $1.6 billion. $1.1 billion for rental assistance, when the need was $1.8 billion. $1.5 billion for shelters, when the need was $2 billion," the mayor said.

The Mayor was joined by his First Deputy Mayor Dean Fuleihan, Chief Budget Officer Sherif Soliman, and Intergovernmental Affairs Chief, Jahmila Edwards.

His administration says they have identified $1 billion in savings by looking at contracts and programs that are not effective but did not explain how they will achieve this.

The mayor says specific details will be laid out on February 17th when a balanced budget is due.

The hearing is ongoing, stay with News 12 for updates.