The New York City Campaign Finance Board will ask the City Council on Monday for sweeping changes to the rules governing the city's system of publicly financing candidates.

Chief among the proposed reforms is permission for the board to accelerate payments of matching funds to qualifying candidates. Specifically, the board is recommending a single payment in June, no earlier than four business days after the June 10 deadline for candidates to join the matching funds program.

Currently, candidates must be on the ballot in order to receive the 6-to-1 match from the board. Because the law prohibits payouts until challenges to petitions are settled and ballots are determined, those running for office cannot get matching funds until five weeks before the primary.