Andrew Yang Gets $3.7 Million in NYC Election Public Matching Funds
(Bloomberg) -- New York City has doled out almost $22 million in matching funds to six candidates running for mayor, breaking a record set in 2013.
Former U.S. presidential hopeful Andrew Yang collected $3.7 million in matching funds from New York City’s campaign finance board, in an installment distributed today. That’s the most among Democratic mayoral contenders, as he benefits from an influx of small contributions.
Kathryn Garcia, the city’s former sanitation commissioner, and Dianne Morales, a non-profit executive, collected about $2.3 million each. Like Yang’s, the payments were their first under the city’s public financing program and may help revitalize the campaigns of Garcia and Morales, both of whom are lagging in early polls. The program matches small-dollar individual contributions from city residents 8-to-1.
Yang holds an early lead in the polls ahead of the June 22 Democratic primary. Since December, the Campaign Finance Board has distributed about $22 million, breaking a 2013 record when the city paid more than $10.4 million to four candidates.
https://www.msn.com/en-us/news/politics/andrew-yang-gets-dollar37-million-in-nyc-election-public-matching-funds/ar-BB1fHdkh
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