Next Steps for the City’s Campaign Finance Sysem
Via Gotham Gazette
New York – Earlier this week, the City Council’s Committee on Governmental Operations convened a hearing to review the Campaign Finance Board’s (CFB) comprehensive report on the money raised and spent during the city’s 2013 elections.
At the hearing, city council members, CFB leadership, and good governance groups discussed the possibility of raising spending limits for candidates participating in the CFB’s public matching funds program and lowering campaign contribution limits for all candidates. These proposed changes come, in part, as response to the deluge of independent expenditures that rattled the last electoral cycle’s financial playing field – floodgates opened by the Supreme Court’s 2010 ruling in the now-infamous Citizens United case.
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