The New York City Campaign Finance Board has issued a public fund payment totaling $34,741 to a candidate in the special election for City Council District 17 in the Bronx. This election will be held on Tuesday, February 23rd. Polls will be open for voters to cast their ballots from 6:00 AM to 9:00 PM.
The Board authorized public funds payments to the following candidates:
City Council District 17 |
|
---|---|
J. Loren Russell |
$34,741 |
New York City’s matching funds program provides public funds to participating candidates at a rate of $6-to-$1 for contributions from City residents. For special elections the match applies to the first $87 contributed, for a maximum of $522 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. For information on the impact of the matching funds program, read the CFB's report, "By the People: The New York City Campaign Finance Program in the 2013 Elections."
Candidates choosing to participate in the matching funds program agree to abide by strict spending limits. To receive public funds payments, participating candidates must satisfy all eligibility requirements which include a two-part fundraising threshold.