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For example, "after implementing the public matching funds program in NYC, [the] most recent mayoral election of 2009 witnessed the lowest voter turnout it's had since the 1960s". [20] Others argue that the matching funds system benefits candidates with higher name recognition, especially if they are tied to a measure of popular support. [12]
The New York City Campaign Finance Board (CFB) is an independent New York City agency that serves to provide campaign finance information to the public, enable more citizens to run for office by granting public matching funds, increase voter participation and awareness, strengthen the role of small contributors, and reduce the potential for actual or perceived corruption.
Specifically, the bill “directs the Internal Revenue Service (IRS) to establish a Community Volunteer Income Tax Assistance Matching Grant Program to provide matching funds for the development, expansion, or continuation of tax preparation programs to assist low-income taxpayers and members of under-served populations.”
Kathryn Garcia and Dianne Morales got matching funds for the first time — more than $2 million each. The city's Campaign Finance Board said it was looking into a PAC backing Shaun Donovan.
Eric Adams’ reelection bid is facing a watershed moment Monday when the city Campaign Finance Board is expected to decide whether to grant the indicted mayor millions in public matching funds ...
Matching funds are also given for primary candidates for small contributions. The campaign fund reduces a candidate's dependence on large contributions from individuals and special-interest groups. This program is administered by the Federal Election Commission (FEC).
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