New York City Campaign Finance Board

New York City Campaign Finance Board
Agency overview
Formed1988
JurisdictionNew York City
Headquarters100 Church Street
New York, NY
Employees115[1]
Annual budget$56.7 million (FY2018)[1]
Agency executives
  • Paul Seamus Ryan, Executive Director
  • Frederick Schaffer, Chair
Key document
Websitewww.nyccfb.info

The New York City Campaign Finance Board (CFB) is an independent New York City agency that serves to provide campaign finance information to the public, enable more citizens to run for office by granting public matching funds, increase voter participation and awareness, strengthen the role of small contributors, and reduce the potential for actual or perceived corruption.[2]

The agency's history dates back to the mid-1980s, when New York City Mayor Ed Koch introduced a series of ethics reforms in response to several high-profile corruption scandals. These reforms included the Campaign Finance Act, which was adopted on February 29, 1988, by the New York City Council.[3] In 1988, the New York City Charter Revision Commission proposed and passed a public referendum that established the Campaign Finance Board.[4]

The CFB was established with the mission of reducing the influence of large private contributions in the political process. The voluntary Campaign Finance Program provides matching funds to qualifying candidates for mayor, public advocate, comptroller, borough president, and City Council.[5]

  1. ^ a b "Campaign Finance Board Fiscal 2019 Expense Budget Summary" (PDF). Council.nyc.gov. Retrieved 28 June 2018.
  2. ^ "About the CFB | New York City Campaign Finance Board". www.nyccfb.info. Retrieved 2018-08-16.
  3. ^ Advisory Opinion 1989-17, New York City Campaign Finance Board, April 6, 1989.
  4. ^ Report of the New York City Charter Revision Commission Volume One, New York City Charter Revision Commission, December 1986-November 1988. Page 42.
  5. ^ "The High Price of a Mayoral Race That Isn't". Retrieved 2018-08-16.