Bill > A03387

This bill modifies the existing public campaign financing program by changing the definition of a "matchable contribution" to specify that the first $250 of any contribution amount shall be eligible for matching funds. Under the current law, matchable contributions were previously limited to contributions between $5 and $250, but this bill removes that upper limit language and instead allows the first $250 of any contribution to be matched, even if the total contribution exceeds that amount. The bill applies to candidates running for statewide offices or for state assembly and senate seats, and requires that the contribution be made by a New York state resident (who must be from the specific district for state legislature candidates), reported fully to the Public Campaign Financing Board (PCFB), and made on or before the day of the applicable election. The change aims to provide more flexibility and potentially increased public financing support for candidates. The bill will take effect immediately upon passage.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/A3387