Politics | NYC Mayor Adams says reelection bid won’t be…
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NYC Mayor Adams says reelection bid won’t be derailed if he loses
matching funds over indictment
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Mayor Eric Adams is pictured during his weekly in-person media availability at City Hall on Tuesday, Oct. 22, 2024. (Luiz C. Ribeiro for New York Daily News)
By Josephine Stratman | [email protected] | New York Daily News
UPDATED: October 22, 2024 at 5:34 p.m.
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Mayor Adams said he would still run for reelection even if the city’s Campaign Finance Board
rules he’s not eligible for matching funds — a huge potential hit to his campaign warchest as
he faces several mayoral challengers .
“With or without, it’s straight ahead,” Adams said at a press briefing on Tuesday.
Adams, who signaled last week that he’s banking on the matched funds could lose millions , if
denied from the program.
Scrutiny of the mayor’s use of the city’s public campaign finance system has increased after
Adams’ indictment late last month — with feds alleging Adams sought and accepted
thousands in illegal straw donations for his 2021 and 2025 campaign from Turkish foreign
agents. The feds say the illegal donations allowed the campaign to leverage matching funds,
which totaled about $10 million during the 2021 campaign.
New York Daily News
Front page of the New York Daily News for Sept. 26, 2024: Adams to face charges in federal corruption probe, but vows
in defiant message to stay in office. Mayor Adams (via video) responds to federal criminal indictment Wednesday night,
saying he is innocent.
The mayor’s most recent fundraising haul totaled $146,151, with overall campaign funds
sitting at around $4 million. Around $500,000 of those funds would be eligible for the
matching program.
Vito Pitta, Adams’ campaign compliance attorney, previously told the Daily News that, with
estimated public matching funds factored in, Adams’ campaign chest is at over $8 million —
more than the $7.9 million cap on spending for primary elections.
The CFB has said they’ll make the decision before the matching funds are dispersed in mid-
“They have a job to do, they’re gonna do their job,” Adams said of the board. “I have a job to
do as the mayor.”
Mayor Eric Adams is pictured during his weekly in-person media availability at City Hall on Tuesday, Oct. 22, 2024. (Luiz
C. Ribeiro for New York Daily News)
The Manhattan U.S. Attorney’s office indicted Adams on bribery and fraud charges in late
September. Prosecutors say in the indictment that the mayor accepted bribes and illegal
donations in exchange for carrying out favors.
It’s illegal for foreign nationals to donate to U.S. political candidates.
Adams has pleaded not guilty to the charges.
New York Daily News
Front page of the New York Daily News for Sept. 28, 2024: Adams enters pleas to fed corruption charges. Mayor Adams
enters Manhattan Federal Court Friday in bribery and fraud case tied to campaign fundraising.
The city’s public matching funds program currently nets candidates an $8-to-$1 match and a
limit of $2,100 per donor. The program is intended to help candidates to run without wealthy
donors.
The Campaign Finance Board came out with proposed changes to their rules , including one
that says the Board could decide a candidate would not get matching funds if they are found
to have violated certain city rules around fund matching, Gothamist reported .
“As an independent nonpartisan agency, all rules’ changes proposed by the Campaign
Finance Board are in service of making our matching funds program stronger, up to date with
elections and fundraising and more responsive to New Yorkers,” CFB Executive Director Paul
Ryan said in a statement. “This particular change clarifies existing rules for campaigns to
qualify for matching funds, such that if campaigns fail to meet certain criteria they would be
ineligible for payment.”
Pitta did not immediately respond to a request for comment.
At a press conference last week, Adams suggested he was counting on the matched funds to
bankroll his campaign.
“We were at the max,” he said. “And so we were pivoting shifts. We had just a small amount to
raise.”
Originally Published: October 22, 2024 at 5:30 p.m.
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