Official announcements from the New York City Campaign Finance Board

NYC Mayor Eric Adams Denied $4M in Matching Funds Due to Conduct Detrimental to Campaign Finance Program

Dec 16, 2024, 03:40 PM

New York City Mayor Eric Adams has been denied public matching funds for his reelection campaign, a decision made by the New York City Campaign Finance Board (NYCCFB) amid concerns over his fundraising practices and a recent indictment. The board cited conduct detrimental to the campaign finance program in violation of law as the reason for the denial. Adams was reportedly in line to receive approximately $4 million in public funds, which would have significantly bolstered his campaign efforts for the 2025 election. Instead, Scott Stringer is the only mayoral candidate receiving public matching funds in this round. The decision marks a substantial setback for Adams, who is facing challenges from multiple opponents in the upcoming election. The NYCCFB's ruling has raised questions about the integrity of the campaign finance system, as officials emphasized the need to uphold the law in light of Adams' alleged violations.