NYC Campaign Finance Board Issues Matching Funds to Queens Borough President Candidates
The NYC Campaign Finance Board (CFB) issued public matching funds payments to two candidates in the general election for Queens Borough President earlier today. This is the second payment for the general election in November; two candidates have received public campaign finance payments totaling $226,334.
|Candidate||Aug. 6||Sept. 3||Total|
Public matching funds payments were made to six candidates in the primary election for Queens Borough President held in June for a total of $4,099,944.
CONTRIBUTION LIMITS AND DISCLOSURE DEADLINES
Candidates in the Queens Borough President race filed their most recent disclosure reports on August 28th. The next disclosure deadline is October 2. See the full disclosure calendar for more details. The limits and other information is available on the CFB's website.
HOW THE CAMPAIGN FINANCE PROGRAM WORKS
To qualify for public matching funds, candidates must meet the nonpartisan objective criteria set in the law, including a two-part fundraising threshold. Candidates also must comply with all program rules, including individual contribution limits and a prohibition on contributions from corporations, limited liability companies, and partnerships.
To qualify for public matching funds in the Queens Borough President election, candidates must raise 100 contributions from Queens residents and $44,614 in funds raised. Only the match-eligible portion ($175) of any contribution counts towards the second threshold.
To qualify for public matching funds for City Council, candidates must raise 75 contributions from district residents and $5,000 from city residents. Only the match-eligible portion ($175) of any contribution counts towards the second threshold.
Improvements to the matching funds program were adopted by voters in November 2018. Under the new limits and thresholds, the CFB provides public matching funds to qualifying candidates at a matching rate of $8-to-$1 for the first $175 for City Council and Borough President candidates, or $250 for citywide candidates contributed by city residents. Each contribution from a New York City resident is eligible for a maximum matching funds payment of $1,400 for City Council and Borough President candidates or $2,000 for citywide candidates. Candidates have the choice of participating in the old program, which provides public funds to qualifying candidates at a $6-to-$1 matching rate. All participating candidates in these special elections opted-in to the new $8-to-$1 program.
The CFB's Candidate Services staff offers extensive support to campaigns, providing access to training, resources, and one-on-one guidance to help them navigate their disclosure requirements and compliance obligations.
More information about the candidates' campaign finance data is available on the CFB website in the Campaign Finance Summary portal. Individual contribution data is available in the Follow the Money database.