Republican and Conservative mayoral nominee Nicole Malliotakis achieved a significant campaign milestone today, being awarded $1,518,092 in matching funds by the Campaign Finance Board. Malliotakis reported having just $162,000 on hand as of September 18th, so this funding increases her cash on hand nearly ten fold. It also places her campaign’s current financial condition reasonably close to that of Mayor de Blasio, who has an estimated balance (also calculated with his September 18th reported balance and matching funds awarded today) of $2.4 million.
Intended to “level the playing field” for candidates facing fundraising difficulties, the City’s program provides a 6-1 match for contributions of up to $175 from City residents. It also restricts the amount that candidates who opt to participate in the program may raise and spend, while setting thresholds of the number and total amount of contributions that candidates must meet to be eligible to receive matching funds. Malliotakis just met those thresholds in her September 18th filing, so this is the first time she’s received any matching funds.
There’s some irony in the great boost Malliotakis’ campaign received from the award of matching funds, however. Malliotakis has voiced opposition to the City’s program, calling it an irresponsible use of taxpayer money, and voted against a bill that would have established a state matching program with a similar 6-1 match. Malliotakis termed that proposal “a completely disgraceful use of taxpayer money.” Continue reading Malliotakis Matching Money