New York CIty Council Member Ben Kallos

Ethan Geringer-Sameth

Gotham Gazette City Council Expected to Pass Bill Raising Cap on Public Matching Funds for Campaigns by Ethan Geringer-Sameth

City Council Expected to Pass Bill Raising Cap on Public Matching Funds for Campaigns

A City Council committee is expected on Tuesday to pass a bill aimed at reducing the influence of large donors on New York City candidates and elections by creating the possibility for candidates to essentially raise all smaller donations and earn enough public matching funds to fully reach the spending limit imposed by the city’s campaign finance program.

If adopted, the bill, sponsored by Council Member Ben Kallos, would lift the cap on the amount of public money a campaign can receive as a percentage of the spending limits on candidates who choose to participate in the matching funds system. If passed as expected on Tuesday by the Council’s governmental operations committee, the bill would then move to a Thursday vote of the full Council, where it would be overwhelmingly likely to pass.