NYC Charter Revision Commission Preliminary Report: Campaign Finance Amendments Loom?
July 23, 2010
On July 9, 2010 the Charter Revision Commission released a preliminary staff report, which reflects the Commission’s work to-date and staff recommendations on a number of topics such as term limits, voter participation, public integrity and non-partisan elections. The staff also recommends significant changes to the NYC Campaign Finance Board. In response to the Supreme Court’s decision in Citizens United, the staff recommends amending the Charter to require the disclosure of independent expenditures “to provide the citizens of New York City with the information they need to properly assess the content of political communications intended to influence their behavior at the polls, and to maintain the City’s status as a national leader in campaign finance law.” The proposed amendment would make three major changes the Charter, including:
- Requiring any individual or entity making independent expenditures in excess of $1,000 to disclose such activities to the CFB.
- Empowering the CFB to require any entity making independent expenditures in excess of $5,000 to disclose the sources of the funds used to make such expenditures.
- Requiring disclosure of the name of the individual or entity that funds certain literature or advertisements through independent expenditures.
Tag: New York City