Eric Adams rejects latest round of public matching funds, as Sliwa secures nearly $700,000

Eric Adams, president of the Brooklyn District and Democratic candidate for mayor, took the unusual step of rejecting the latest round of public matching funds from the city’s campaign finance board. Meanwhile, his Republican opponent, Curtis Sliwa, took home nearly $700,000 in public match money as the race came to a close.

Adams’ decision comes as he continues to outdo Sliwa with millions of dollars in the campaign. While Sliwa, founder of The Guardian Angels, has nearly $4 million since entering the race, Adams has amassed a $19 million war fund and appears to be continuing to build his coffers.

“Eric’s fundraising has been very successful. There is no reason to spend taxpayer money on the campaign. Instead we will self-finance,” Adams senior campaign adviser and campaign spokesperson Evan Theiss told WNYC/Gothamist at a campaign rally on Thursday.

Read more: Leveling the playing field: campaign finance board explained

Adams, considered the front-runner in the race after defeating 11 candidates in the Democratic primary in June, raised $2 million in his latest filing covering the period August 24 to September 27. But he was not named Thursday when CFB gathered around to announce the latest round of contributions from the agency’s matching fund program, the most famous of which is the 8-to-1 program. Under this program, small donations amount to eight times as much.

Hear David Cruz’s report on the latest recordings at WNYC:

More than $3 million has been distributed in this most recent period. While Sliwa received a large chunk, Solicitor General Juman Williams – who is also running for re-election. Thinking of running for governor—Received the largest amount of money, $959,000.

While Adams Campaign claims to have raised $354,061 in this latest period, it’s unclear to what extent CFB will actually match because the claims are under scrutiny.

With today’s announcement, Sliwa has more than $1.8 million in cash on hand and Adams has more than $7.5 million on hand.

Teese said the Brooklyn borough chief’s money will go toward more television ads that will air before the November 2 general election. On Monday, the Adams campaign launched its first general election television ad, in which Adams deviated from his crime-reducing message to speaking about his late mother.

Campaign files show that he spent money on television, radio, and print ads, and on at least one billboard. Rob Cole, a spokesperson for the Sliwa campaign, said more ads will be released.

Although both Sliwa and Adams took advantage of an 8-to-1 matching money program to run their campaigns, Adams was leaning heavily toward receiving contributions from wealthy donors after the primaries. during summer, The New York Times Adams reportedly hit the wealthy donor’s circle, attending a fundraiser hosted by billionaires John Katsimatidis and former mayor Mike Bloomberg.

Read more: Labor Gatherings and the Hamptons Soirees: Could Eric Adams Be a Working Class Hero and Friend of the Rich?

Even when receiving funding from wealthy donors, Adams lamented the current structure of campaigns, which often relied on extensive fundraising to be viable. Throughout the campaign season, Adams lobbied for future city campaigns to be funded exclusively by the CFB.

“I’m going to give back every dollar I raise by making hundreds of thousands of calls and doing fundraisers,” Adams said during his appearance. “Nobody enjoys that in politics.” On the Brian Lehrer Show on Tuesday. “But right now, you have to be on TV, which costs millions of dollars, radio ads, pay employees…that’s part of the process.”

Cole said the Sliwa campaign runs a grassroots operation, receiving an average contribution of more than $100.

“We will be the people’s candidate. [Adams] He would be a candidate for lobbyists and hedge fund givers.”

Elizabeth Kim contributed to this report.

Write a Comment

Your email address will not be published. Required fields are marked *