New York City Campaign Finance Board Chair Father Joseph Parkes, S.J., authorized public funds payments totaling $742,332 to the two candidates in the Democratic Public Advocate Primary Runoff Election today. Program participants in a runoff election receive a public funds payment equal to 25 percent of the public funds they received during the Primary Election. Details of today's payments are available in the table below.
|
Public Advocate |
Public Funds Payment |
|
Letitia James |
$230,612 |
|
Daniel Squadron |
$511,720 |
On August 15, the Board determined that a runoff election was reasonably anticipated in the Democratic Public Advocate Primary race. That determination allows these candidates to accept contributions that must be deposited in a separate bank account and used only for the runoff election.
New York City's matching funds program encourages candidates to raise low-dollar contributions from New Yorkers living in the neighborhoods they hope to represent, instead of relying on large contributions from special interests. Including today's payment, the CFB has paid $32,200,454 to eligible candidates in the 2013 elections.