December 23, 2019 •
Campaign Finance Overhaul Becomes Law in New York
The campaign finance overhaul unveiled in New York last month by the Campaign Finance Reform Commission is now law.
This happened automatically when the Legislature missed a December 22 deadline to convene and vote to block or amend the proposal.
The changes include:
- Steep drops in state contribution limits
- Stricter ballot qualification criteria
- The creation of a new regulatory agency called the Public Campaign Finance Board
- Public financing of elections
Many of the new rules become effective at the start of the new year.
However, the public financing will not kick in until 2026.
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