Int. No. 1111
By Council Members Schulman, Restler, Hudson and Louis
A Local Law to amend the administrative code of the city of New York, in relation to adjustment of contribution and expenditure limits to account for two-year council terms
Be it enacted by the Council as follows:
Section 1. Subdivision 7 of section 3-703 of the administrative code of the city of New York, as amended by local law number 128 for the year 2019, is amended to read as follows:
7. Not later than the first day of March in the year [two thousand twenty-two and every fourth year thereafter] following a covered election that is a general election, the campaign finance board shall (i) determine the percentage difference between the average over a calendar year of the consumer price index for the metropolitan New York-New Jersey region published by the United States bureau of labor statistics for the twelve months preceding the beginning of such calendar year and the average of such consumer price index over the last calendar year [two thousand nineteen] at which the board adjusted maximum contributions pursuant to this section [of such consumer price index]; (ii) adjust each maximum contribution applicable pursuant to paragraph (f) of subdivision one of this section by the amount of such percentage difference to the nearest fifty dollars; and (iii) publish such adjusted maximum contribution in the City Record. Such adjusted maximum contribution shall be in effect for any election held before the next such adjustment; provided, however, that if such adjustment occurs two years, rather than four years, after the previous adjustment pursuant to this subdivision, only maximum contributions to candidates for member of the city council shall be affected by such adjustment until the next adjustment pursuant to this subdivision.
§ 2. Paragraph (e) of subdivision of subdivision 1 of section 3-706 of the administrative code of the city of New York, as amended by local law number 34 for the year 2007, is amended to read as follows:
(e) Not later than the first day of March in the year [two thousand ten and every fourth year thereafter] following a covered election that is a general election the campaign finance board shall (i) determine the percentage difference between the average over a calendar year of the consumer price index for the metropolitan New York-New Jersey region published by the United States bureau of labor statistics for the twelve months preceding the beginning of such calendar year and the average of such consumer price index over the last calendar year [two thousand seven] at which the board adjusted expenditure limitations pursuant to this section [of such consumer price index]; (ii) adjust each expenditure limitation applicable either pursuant to this subdivision or subdivision 2 of this section by the amount of such percentage difference to the nearest thousand dollars; and (iii) publish such adjusted expenditure limitation in the City Record. Such adjusted expenditure limitation shall be in effect for any election held before the next such adjustment; provided, however, that if such adjustment occurs two years, rather than four years, after the previous adjustment pursuant to this subdivision, only the expenditure limitation applicable to candidates for member of the city council shall be affected by such adjustment until the next adjustment pursuant to this subdivision.
§ 3. The provisions of paragraph (e) of subdivision 1 of section 3-706 of the administrative code of the city of New York notwithstanding, the campaign finance board shall determine the percentage difference between the average over a calendar year of the consumer price index for the metropolitan New York-New Jersey region published by the United States bureau of labor statistics for the years 2023 and 2021, adjust expenditure limits applicable to candidates for the office of member of the city council otherwise applicable pursuant to section 3-706 by the amount of such percentage difference to the nearest thousand dollars, and publish such adjusted expenditure limitation in the City Record. Such adjusted expenditure limitation shall be in effect for the year 2025 only.
§ 4. Sections one and two of this local law take effect on January 1, 2026. Section three of this local law takes effect immediately.
DSS
LS # 17624
10/28/2024