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As the 2001 election cycle approaches, it seems that candidates are taking the Moskowitz approach: smaller contributions from more contributors, which maximizes the benefits of the four to one matching. (Since funds are only matched up to $250, it behooves the candidate to get smaller contributions from a diverse body.) Recent reports from the Campaign Finance Board show that 60 people have already filed campaign finance data for the 2001 cycle, compared with only 17 at the same point in the 1997 cycle. Thus far, the filings reveal that the top ten fundraisers have raised 21% more money, from 32% more donors; the average size of the contribution is 14% lower. This means more competitors, more widely supported - a fact that at least in theory, is good for democracy.
Campaign Finance Board - Explains the ins and outs of the NYC campaign finance program. Highlights include: 1) No corporate contributions; 2) No contributions from unregistered PACs 3) No matching funds for organizations or non-residents; and of course, 4) Full disclosure.
FOR THE RECORD:
These are the totals of contributions to date of the would-be mayoral candidates:
Campaign Finance Board reports that election activity for the 2001 races has greatly outpaced the 1997 elections. Despite lower contribution limits, filings show that more contributors are giving more money in smaller amounts. And while it cannot be concluded that the campaign finance reform is the singular cause of this change, it is certainly a significant factor.
"Money's No Object" - The special election in the fourth City Council district between Reba White Williams and Eva Moskowitz this November was one of the first under the new 4:1 matching rules.
Common Cause - the goo-goo of campaign finance gives kudos to the Campaign Finance Board for putting extensive searchable information on their site. At its debut in the winter of 1998, Common Cause lauded the CFB for being "among the most complete and user friendly sites in the country."
Opensecrets.org - For campaign finance information on Congressional and Senatorial races, check out this indispensable site from the Center for Responsive Politics.
GrannyD - Though lobbying for major federal reforms in campaign finance laws, this irrepressible 90-year-old has a lot to say on the issue.
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Last Updated (Mar 15, 2013)