New Study Lauds New York City’s Matching Funds Program

The Campaign Finance Institute at the George Washington University presented their report the Rockefeller Institute of Government at the University at Albany (State University of New York). The report’s title is: Small Donors, Big Democracy: New York City’s Matching Funds as a Model for the Nation and States.

The press release notes:

New York City uses a unique multiple-matching fund system to increase the role of small donors. In 2009, the program provided $6 in matching funds for each of the first $175 that a participating candidate raised from New York City residents. For example, a $10 donation from a city resident would be worth $70 to a candidate, a $175 donation would be worth $1,225. The research shows that the city’s matching funds program dramatically alters candidates’ incentives and their sources of funding. It argues that the approach should be used as a model for jurisdictions nationally.

Candidate Cuomo remarked that he would like to use New York City’s system as a model for the entire state, and the Campaign Finance Institute goes further by concluding that other states can use it as a template. The institute has a very interesting analyzer tool to see how different variables would affect individual states.

The full report can be downloaded by clicking here.

By Jia-Jia Zhu on December 6th, 2010

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