Quinn Raises Maximum Funds for Primary
Tuesday, January 17, 2012 - 05:14 PM
City Council Speaker Christine Quinn became the first presumptive mayoral candidate to raise the maximum amount of money that can be spent in the primaries.
Quinn has earned nearly $5.1 million in her campaign warchest. That makes her eligible for about $2.7 million in matching public funds, according the Josh Isay, consultant to Quinn’s campaign. It also puts her above $6,426,000, the spending limit for primary election.
“We’re done with the primary,” Isay said.
According to current law, each dollar a New York City resident gives up to $175, is matched with $6 in public funds.
He added the speaker will continue to raise low-dollar contributions, which allow her to qualify for matching public funds. Quinn raised around $414,000 since the last filing in July.
The filing deadline for candidates running for city office is midnight tonight.
Public Advocate Bill deBlasio raised nearly $1 million in the second part of 2011, outpacing other potential mayoral candidates, including Quinn. That brought his total funds to $2.1 million.
It also tied him City Comptroller John Liu, whose campaign is under investigation by the federal government for alleged illegal fundraising. Liu received around $517,000 in the second part of 2011, for a total of $2 million. In the first part of the year, he raised nearly $1 million.
Manhattan Borough President Scott Stringer has nearly $2.3 million. He raised $545,000 in the last six months of 2011. In the first part of the year, he received $654,000.