From rags to riches!
After a number of months with none of the candidates for Brooklyn borough president receiving any public matching funds, the highest 4 contenders of 12 operating to succeed term-limited Borough President Eric Adams acquired taxpayer windfalls on Feb. 16, as famous within the metropolis’s Campaign Finance Board’s latest filings.
In order to obtain the $8-to-$1 public financing match for the Brooklyn borough president’s race, candidates should increase $50,000 with contributions of $175 or much less to be eligible for the matching funds. Additionally, not one of the contributions can come from folks or entities with business earlier than town. The borough president’s office is the hardest threshold to achieve.
Central Brooklyn Councilman Robert Cornegy at present leads the pack with $576,507 in public funds distributed to his marketing campaign Tuesday. Combined with donations, he’s raised about $937,000 this submitting.
The pol, who represents Bedford-Stuyvesant and northern Crown Heights, mentioned the journey to come back again from COVID-19 and “build a better Brooklyn” continues.
“I am so honored to earn this outpouring of support of such a diverse coalition of grassroots donors, distinguished voices, and committed public servants,” mentioned Cornegy. “From the 24,000 hardworking men and women of Teamsters 237, to elected officials fighting for the people of Brooklyn across the borough, to cultural icons and inspirational social justice champions like Spike Lee and Tracy Morgan — this is a growing grassroots movement that knows Brooklyn’s best days lie ahead.”
Just behind Cornegy is well being advocate Khari Edwards, who reeled in a cool $491,182.
“I am proud of the unprecedented level of grassroots support our campaign has built across Brooklyn and I know that our momentum, which easily rivals that of the politicians in this race, will only continue to grow stronger,” mentioned Edwards, a hospital exec who was the primary vice chairman of exterior affairs of colour chosen to serve Brookdale Hospital.
Assemblymember Jo Anne Simon (D-Carroll Gardens, Cobble Hill) got here in third with $481,224. Not far behind is Councilmember Antonio Reynoso (D-Williamsburg, Bushwick, Ridgewood) with $462,880.
“Our campaign has always been powered by the community, and we’re proud to have the most individual donors, the smallest average contribution size, and the highest percentage of donations from within the borough,” mentioned Reynoso’s spokesperson. “Today’s public matching funds dispersal makes it clear that we have the support of everyday Brooklynites in this race — not special interests or real estate developers. We are confident that we will raise what we need to win while continuing to expand our grassroots fundraising base.”
Cornegy, Simon, Edwards, and Reynoso additionally lead the pack in private funds.
Candidates filed their most up-to-date disclosure stories on Jan. 15. The CFB has paid a complete of $37,778,768 to candidates citywide to date this election cycle, together with earlier funds in December and January, in line with the board.
In the final spherical, no borough president race candidates noticed matching funds. According to previous CFB figures, Cornegy had raised $192,877 and utilized for $50,886 for matching funds, however after a CFB overview of the claims, the board determined he was wanting the $50,000. Reynoso had raised $104,682, however solely put in $46,420 for matching claims, additionally falling wanting the brink.
The subsequent deadline for candidates to use for matching funds is March 15, when disclosure stories are additionally due. There shall be a public funds payment in April based mostly on the disclosures filed in March and there are a complete of eight public fund funds scheduled previous to the June 22 main election.
This story first appeared on KingsCountyPolitics.com.