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The New York City Campaign Finance Board voted today to approve the first public funds payments of the 2013 elections. In this first payment, the Board paid $23,296,484 to 75 candidates who qualified for this payment. Details of public funds payments are available in the table below. New York City’s matching funds program provides public funds at a rate of $6-to-$1 for the first $175 contributed by City residents, for a maximum of $1,050 in public funds per contributor. The low-dollar match encourages candidates to raise small contributions from New Yorkers living in the neighborhoods they hope to represent, instead of relying on large contributions from special interests. "With just five weeks remaining before Primary Election Day, these first public funds payments represent a significant milestone in this election," said Amy Loprest, executive director of the CFB. "Matching funds will allow candidates, at this critical time of the campaign, to focus on what matters most: presenting their views on the issues of the day and their plans for the future of our city. "By amplifying the value of small contributions, the program gives voters from every walk of life the confidence that candidates for office will take the time during the election season to hear their concerns, their issues, and their hopes for the future," Loprest added. Board Chair Father Joseph P. Parkes, S.J. also issued a statement at the Board meeting. In addition, the Board determined that non-participants in the Republican Mayoral Primary Election and the Democratic Comptroller Primary Election have raised or spent more than half the spending limit for Campaign Finance Program participants. This will result in raising the spending limit for participating candidates in those elections. The Board determination will result in an increase in the expenditure limit for participants in the Republican Party Primary Election for Mayor from $6,426,000 to $9,639,000 (150% of the original limit). The Board determination will result in an increase in the expenditure limit for participants in the Democratic Party Primary Election for Comptroller from $4,018,000 to $6,009,000 (150% of the original limit). The Board also voted to dismiss complaints against two 2013 campaigns: Laurie A. Cumbo, candidate in Council District #35 and Theresa R. Scavo, candidate in Council District #48. The Board Authorized Public Funds Payments to the Following Candidates: |
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Archived video of today’s meeting will be available at www.nyccfb.info/live.