The New York City Campaign Finance Board announced the payments of public matching funds to two candidates for the Council District 12 special election on November 6. A total of $18,720 has been paid today in this election. There have been two earlier payments on October 12 and October 24. For details on this payment, see below.
| Candidate | November 1 Public Funds Payment | Total Public Funds |
|---|---|---|
| Andrew L. King | $9,270 | $58,603 |
| Cheryl Simmons-Oliver | $9,450 | $53,317 |
For a special election, the Program matches each dollar a New York City resident gives, up to $87 per contributor, with six dollars in public funds, for a maximum of $522 in public funds per contributor.
By joining New York City’s voluntary Campaign Finance Program, candidates agree to abide by strict spending limits. In return, candidates in the Program may qualify for public matching funds. Of the six active candidates filing disclosures with the CFB, five have joined the Campaign Finance Program for the special election.
To qualify for public financing, candidates who join the Program must be on the ballot and have opposition on the ballot. They must demonstrate compliance with the Campaign Finance Act, and they must also demonstrate they have adequate support from the public by meeting a two-part threshold. Candidates must raise a minimum amount of money in “matching claims” (i.e. up to $87 of each contribution from a New York City resident) and collect contributions from a minimum number of individuals.
The maximum amount each candidate can receive in matching funds is capped at 55 percent of the applicable spending limit.
For more information about the Campaign Finance Program, please visit www.nyccfb.info/.
The offices of the CFB are closed until further notice due to a mandatory evacuation. Until the office reopens, the best way to reach the CFB is by emailing nyccfb@gmail.com.