This bill would increase the matchable portion of contributions from $175 to $250, except for special elections which would be increased from $87 to $125.
Int. No. 777
By Council Members Powers, Lander, Levine and Brannan
A Local Law to amend the administrative code of the city of New York, in relation to increasing the matchable portion of contributions to $250
Be it enacted by the Council as follows:
Section 1. Paragraph (a) of subdivision 2 of section 3-705 of the administrative code of the city of New York is amended to read as follows:
2. (a) If the threshold for eligibility is met, the participating candidate's principal committee shall receive payment for qualified campaign expenditures of six dollars for each one dollar of matchable contributions, up to [one thousand fifty] one thousand five hundred dollars in public funds per contributor (or up to [five hundred twenty-two] seven hundred fifty dollars in public funds per contributor in the case of a special election), obtained and reported to the campaign finance board in accordance with the provisions of this chapter.
§ 2. This local law takes effect immediately.