CFB Issues First Public Funds Payments of the 2017 Elections

08/03/2017

At today's public meeting, the New York City Campaign Finance Board (CFB) approved the first public funds payments of the 2017 elections. The Board approved public funds payments totaling $6,746,436 to 51 candidates who qualified for the matching funds program. New York City’s matching funds program provides city candidates with 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. See the table below for further details on these payments.

"Public matching funds are an important investment in the political process that have defined city elections for nearly 30 years. Today's payment marks the tenth consecutive citywide election in which the CFB has administered public funds for candidates," said Frederick Schaffer, Chair of the CFB. "The public matching funds program encourages candidates to raise small-dollar contributions in their neighborhoods, limiting the influence of large contributions from special interests and ensuring that candidates better understand and address the diverse interests and needs of everyday New Yorkers."