The New York City Campaign Finance Board (CFB) on Thursday approved increases to how much candidates can spend in the 2017 races for mayor, public advocate, controller, borough president and City Council, along with the maximum they can get in taxpayer-funded matching funds.
The spending cap in the mayor's race now comes to just about $7 million, while the max-out on public funds, which must be 55% of the expenditure limit, increases to about $3.83 million.
The increases are set by law and are pegged to the consumer price index for the New York/New Jersey region, the CFB said in a release.
With these increases, we wonder how it will affect Gov. Cuomo's attempt to get the state to use the city's campaign finance system?
NYC Wins When Everyone Can Vote!
Michael H. Drucker
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