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What’s New in the Campaign Finance Program

There are exciting changes to New York City’s landmark Campaign Finance Program designed to diminish the role of big contributions in city elections and increase the availability of public financing to candidates for city office. Approved by voters in the 2018 Charter revision and expanded by the City Council in 2019, these changes .

  • increase the matching rate on contributions from New York City residents
  • increase the maximum matchable amount for citywide offices
  • lower the contribution limits
  • increase the amount of public funds candidates may receive per election
  • make public funds available as early as December of the calendar year preceding the election year

Candidates for elections through 2021 may choose to participate in the matching funds program under the provisions that existed prior to the 2018 ballot referendum.

Public Funds Matching Rate

New Program (Option A)
Office Matching Rate Amount Eligible for Match Per Contributor Maximum Public Funds Per Contributor
Mayor, Public Advocate, Comptroller $8-to-$1 $250 $2,000
Borough President, City Council $175 $1,400
Old Program (Option B)
Office Matching Rate Amount Eligible for Match Per Contributor Maximum Public Funds Per Contributor
All Offices $6-to-$1 $175 $1,050

Maximum Public Funds Payment

New Program (Option A)
Office Maximum Public Fund Payment
Mayor  $6,476,444
Public Advocate, Comptroller $4,048,888
Borough President $1,457,777
City Council $168,888
Old Program (Option B)
Office Maximum Public Fund Payment
Mayor  $4,007,300
Public Advocate, Comptroller $2,505,250
Borough President $902,000
City Council $104,500

Contribution Limits

New Program (Option A)
Office Contribution Limit
Mayor, Public Advocate, Comptroller $2,000
Borough President $1,500
City Council $1,000
Old Program (Option B)
Office Contribution Limit
Mayor, Public Advocate, Comptroller $5,100
Borough President $3,950
City Council $2,850

Timing of Payments

Option A (New Program)
First public funds payments begin as early as December 2020.

Option B (Old Program)
First public funds payments begin as early as December 2020. Early payments in “Option B” are capped at $250,000 for mayoral candidates, $125,000 for public advocate and comptroller candidates, $50,000 for borough president candidates, and $10,000 for city council candidates.