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NYS Comptroller Rejects Public Campaign Financing

NYS Comptroller Rejects Public Campaign Financing

ALBANY, N.Y. (AP) - Incumbent New York Comptroller Thomas DiNapoli is rejecting public campaign financing for his fall re-election bid, although any opponents can still use it.

Gov. Andrew Cuomo and the Legislature last week authorized testing public financing in one statewide election this year - the race for comptroller.

New York's chief financial officer oversees the state's $173 billion pension fund and a large staff of state auditors.

DiNapoli has advocated public campaign financing to reduce the influence of money in politics, but he calls this pilot program "a poor excuse for real reforms."

Meanwhile, he has raised more than $2.1 million from private campaign donors.

The law would authorize matching public funds of $6 for each dollar of eligible contributions with limits of $4 million each for the primary and general election.