The New York City Campaign Finance Board today announced the payment of public matching funds for the 2009 general elections to qualifying candidates participating in the Campaign Finance Program. A total of $797,192 was distributed to 24 candidates who qualified for matching funds on this second payment date. For a list of candidates, please see below.
The Program matches each dollar a New York City resident gives, up to $175 per contributor, with six dollars in public funds, for a maximum of $1,050 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.
Qualifications for public funds. 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 $175 of contributions from New York City residents) and collect contributions from a minimum number of individuals. Threshold requirements vary by office.
Maximum public funds available. The maximum amount each candidate can receive in matching funds is capped at 55 percent of the applicable spending limit. Pursuant to the Campaign Finance Act, the CFB withholds five percent of each candidate’s public funds payment until the final pre-election payment for each election to ensure continued compliance with the law.
Additional payment dates. Two public funds payment dates remain before the November 3 general election: October 21, and 29.
Other Board Actions
Complaint. The board dismissed a complaint received on August 20 from the G. Oliver Koppell campaign, regarding Anthony Perez Cassino’s use of a non-profit vendor.
Payments Issued on October 8, 2009
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Candidate Thompson, Jr., William C Marshall, Helen M Luisi, John Molinaro, James P Chandra, Ashok Dickens, Inez E Nestler, Walter G Halloran, Daniel J Serpe, Lynne Maragos, Angelo White, Jr., Thomas Wills, Ruben W Schulman, Lynn C Gulluscio, Frank P Davila, Maritza Reyna, Diana Griffith, Mark W Hunter, Robert A Vann, Albert Dilan, Erik M Pechefsky, David J Stewart, Kendall B Williams, Jumaane D Rose, Deborah |
Office Sought Mayor † Queens Borough President Staten Island Borough President Staten Island Borough President City Council#04 City Council#09 City Council#18 City Council#19 * City Council#22 City Council#26 City Council#28 City Council#28 City Council#29 City Council#32 City Council#34 City Council#34 City Council#36 City Council#36 City Council#36 City Council#37 City Council#39 City Council#45 City Council#45 City Council#49 |
Payment Total $58,535 $2,707 $113,333 $408,094 $2,365 $285 $1,168 $71,541 $3,591 $1,795 $3,420 $12,255 $46,295 $855 $12,067 $1,767 $570 $29,800 $798 $20,794 $513 $2,080 $427 $2,137 |
* - indicates Tier 1 bonus situation
† - indicates Tier 2 bonus situation
For public fund payment totals please see the financial summary page on the CFB website.