Monday, June 21, 2021

Billionaires funding NYC mayoral race



"Super PACs are theoretically independent of the political campaigns, and their spending is not supposed to be coordinated with individual candidates. But questions of the funds' independence emerged in April, when New York City's Campaign Finance Board withheld the release of public matching funds to the campaign of Shaun Donovan, who served as the Obama administration's housing secretary and budget director.


"The board wanted to delve into the relationship between Mr. Donovan's campaign and the super PAC supporting him, New Start N.Y.C., which is largely funded by his father. The board eventually released the matching funds." [Emph. added.]



Charlie Cooper

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