New York City Council Header
File #: Int 0187-2018    Version: * Name: Decreasing the Campaign Finance Board’s public funding matching funds rate during times of fiscal emergency.
Type: Introduction Status: Committee
Committee: Committee on Governmental Operations
On agenda: 1/31/2018
Enactment date: Law number:
Title: A Local Law to amend the administrative code of the city of New York, in relation to decreasing the Campaign Finance Board's public funding matching funds rate during times of fiscal emergency
Sponsors: Steven Matteo
Council Member Sponsors: 1
Summary: This bill would reduce the public dollars provided to candidates participating in the City’s public matching funds program for elections in any year in which the Office of Management and Budget projects a budget gap of $2 billion or more.
Attachments: 1. Summary of Int. No. 187, 2. Int. No. 187, 3. January 31, 2018 - Stated Meeting Agenda

Int. No. 187

By Council Member Matteo

 

A Local Law to amend the administrative code of the city of New York, in relation to decreasing the Campaign Finance Board’s public funding matching funds rate during times of fiscal emergency

 

Be it enacted by the Council as follows:

 

                     Section 1.  Paragraph (a) of subdivision two of section 3-705 of the administrative code of the city of New York , as amended by local law number 192 for the year 2016, is amended to read as follows:

 (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 dollars in public funds per contributor, obtained and reported to the campaign finance board in accordance with the provisions of this chapter[.]; except that, if, in the year of a primary or general election, and prior to the deadline for filing a certification as set by the board pursuant to paragraph (c) of subdivision (1) of section 3-703, the mayor’s office of management and budget projects, in a financial plan issued pursuant to section 258 of the charter, that the city’s budget gap will equal or exceed two billion dollars, the participating candidate’s principal committee shall receive payment for qualified campaign expenditures of two dollars for each one dollar of matchable contributions, up to three hundred fifty dollars in public funds per contributor, obtained and reported to the campaign finance board in accordance with the provisions of this chapter.

§2.  This local law takes effect immediately.

 

 

 

 

dss

LS 601/2014

Int. 516/2011

2/6/14