AUBURN, AL- Earlier this year, the Campaign Finance Institute testified to their study on New York’s matching program- where public funds are used to encourage small-dollar donors. This program has been called the national “standard.”
Well, according to the study, there are “red flags” that should tamper enthusiasm about such efforts.
CFI Executive Director Michael J. Malbin, who is also a Professor of Political Science at the Rockefeller College of Public Affairs and Policy, University at Albany, State University of New York, gave the following testimony regarding the program and its effects on small-dollar donors: http://www.cfinst.org/pdf/testimony/NYCCFB%20Testimony_Malbin_29Jan2018_revised_with-Appendix.pdf
The main takeaway from the testimony is that NYC saw a downturn in small-dollar donors in 2017, after previously seeing a steady rise following the program’s implementation.
Interestingly, CFI does articulate the impetus of the program’s success being on the candidate’s themselves- meaning they need to be the one mingling with the grassroots to directly advertise for and recruit participation in the match. This is the ideal result for any such program.
What do you think? Do you have reservations about public financing? Or, do you think it is a great way to offset big money? Is 2017 in NYC a part of a long-term trend or a one-time issue? Join the conversation at: https://www.facebook.com/takebackorg/.