Thursday, February 9, 2017

NYC CFB Issues Public Fund Payments for City Council Special Election


The Election of New York City Council Member Inez Dickens-(D) to the State Assembly creates an Open Seat in Council District 9 in Harlem

The New York City Campaign Finance Board (CFB) has issued Public Funds payments totaling $182,419 for four Candidates in the Special Election for City Council District 9 in Harlem. This Election will be held on Tuesday, February 14th. Polls will be open from 6:00 AM to 9:00 PM.

Area Profile

Race:

Black 48%
White 25%
Hispanic 22%
Asian 5%

Median income:$28,432 (Ranks 46th out of 51)

Unemployment rate: 12%

The CFB has authorized Public Funds payments to the following Candidates:

City Council District 9

Larry Blackmon - $39,460

Marvin Holland - $46,134

Bill Perkins - $60,630 (Former City Council Member - January 1, 1998 – December 31, 2005 and Member of the New York State Senate from the 30th District - 2007.

Todd Stevens - $36,195

New York City’s Matching Funds Program provides Public Funds to participating candidates at a rate of $6-to-$1 for contributions from City Residents.

For Special Elections, the match applies to the first $175 contributed, for a maximum of $1,050 in Public Funds per Contributor.

The low-dollar match encourages Candidates to raise small contributions from New Yorkers living in the neighborhoods they hope to represent, instead of relying on large contributions from Special Interests.

Candidates choosing to participate in the Matching Funds program agree to abide by strict Spending Limits.

To receive Public Funds payments, participating Candidates must satisfy all Eligibility Requirements including a Two-Part Fundraising Threshold.

Two-Part Fundraising Threshold:

- Collect a minimum number of contributions (of $10 or more) from the area they seek to represent. For instance: Candidates for City Council must have 75 Contributors from their District; Candidates for Borough President must have 100 Contributors from their Borough.

- Raise a Minimum Amount of Matchable Contributions (i.e., Contributions from NYC Residents up to $175).











NYC Wins When Everyone Can Vote! Michael H. Drucker
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