With New York City’s municipal elections moving into the rearview mirror, the bill for the city has come due, with Gotham taxpayers on the hook for more than $109 million, records from the city Campaign Finance Board show.
The nine-figure payout is a result of the city’s incredibly generous system of public matching funds for those who run for mayor, comptroller, public advocate, borough president and City Council.
Leading the pack with their hands out were the city’s Democratic mayoral hopefuls, who were offered $8 for every dollar contributed by a donor up to their first $250. That means a $250 contribution actually results in a $2,250 payday for an aspiring pol.
Former city Sanitation commissioner Kathryn Garcia led the pack with $6,475,819 in public matching funds, followed by city Comptroller Scott Stringer ($6,475,594), Brooklyn Borough President and race frontrunner Eric Adams ($6,458,199) and Andrew Yang ($6,438,528).
Andrew Yang received $6,438,528 in public matching funds for his unsuccessful bid for the Democratic mayoral nomination. Kevin C. DownsUnder the city’s current formula, the maximum possible amount of public funds a mayoral candidate can receive is $6,476,444.
Democratic mayoral candidates raked in more than $37 million all told, according to the nonprofit nonpartisan Open Secrets.
Republicans mayoral candidate Fernando Mateo received $2,033,918. Curtis Sliwa — who went on to win the Republican nomination — got no matching funds in the primary, as he did not meet a $250,000 contribution minimum in time to qualify. His campaign insists he will get the public money during the general election.
To qualify for public matching funds, a candidate must raise a minimum number of contributions of $10 or more from the area they are looking to represent and raise a minimum amount of qualifying contributions from city residents. (The thresholds vary depending on the office.)
Former city Sanitation commissioner Kathryn Garcia led the pack with $6,475,819 in public matching funds. Matthew McDermottTaking public funding limits how much a campaign can spend on the race overall. In the 2021 primary, Ray McGuire, a wealthy banker, passed on the program in part because of such restrictions.
“The New York City program is among the most generous programs in the country,” Brendan Glavin, a senior data analyst for Open Secrets, told The Post.
The public payouts are considerably richer this time around thanks to an expansion of the public financing program by the City Council in 2019.
City Comptroller Scott Stringer received $6,475,594 in public matching funds. ZUMAPRESS.comIn 2013, the last time city residents faced a wide-open Democratic mayoral primary, the city doled out $32,634,769. Bill de Blasio, who went on to win the primary and Gracie Mansion, accounted for $3,972,196 of those funds.
“It’s welfare for progressive politicians,” Former GOP congressman John Faso told The Post. “This was made to have taxpayers pay for campaigns, and given the candidates it’s hard to say that the taxpayers got their money’s worth.”






