This bill raises the public funds cap from 55% to 85% for the next special election as a pilot program, and requires a report on the impact of such pilot program.
Int. No. 776
By Council Members Powers, Kallos, Levine and Brannan
A Local Law in relation to a pilot program for increasing the public funds cap
Be it enacted by the Council as follows:
Section 1. a. Notwithstanding paragraph (b) of subdivision 2 of section 3-705 of the administrative code, for the next special election held pursuant to a proclamation issued after the effective date of this local law, the principal committee of a participating candidate may receive public funds pursuant to paragraph (a) of subdivision 2 of section 3-705 of the administrative code in an amount not to exceed eighty-five percent of the expenditure limitation provided in subdivision one of section 3-706 of the administrative code for the office for which such candidate seeks election.
b. No later than three months after the special election in subdivision a of this local law, the campaign finance board shall submit to the mayor and the speaker of the council a report on the distribution of public funds for such special election, including an analysis of any impact such distribution had on such special election and a recommendation on whether such a distribution of public funds should be implemented in future elections.
§ 2. This local law takes effect immediately.