The money for public financing of the campaign would come from the comptroller's own unclaimed funds account.
The money for the public financing of the campaign would come from the Comptroller's own unclaimed funds account.
Sen. Kathy Marchione questioned whether
the money for public financing would be better spent on gap elimination aid for education, while Sen. Greg Ball threw a pointed jab at Democratic Sen. Cecilia Tkaczyk, wondering out loud about independent expenditure groups funded by «Soros.»
Skelos, a Republican from Nassau County, said he would prefer to see
the money for a public financing system to go to education.
The mayor of Lafayette, Louisiana has proposed the city create its own cryptocurrency to raise
money for public finance, taking a cue from Berkeley, California, according to The Acadia Advocate.
Not exact matches
One bank exec who oversees US IPOs said this was «not a replacement
for an IPO» since Spotify wasn't raising any
money, one of the traditional purposes of an offering — to sell a portion of the company to the
public to
finance more growth.
The only time this has happened in history
for a three year period or more was during World War II, when we were obviously printing enough
money to
finance a lot of deficit spending on infrastructure and
public programs.
The Financial Services Authority, Indonesia's financial services regulator known as the OJK, is preparing a regulation that would allow local financial technology companies to lend
money directly to customers to provide more
financing choices
for the
public, its senior officials said on Tuesday (14/02).
 The Harper government's decision last year to write off every penny of the auto aid and thus build it all into last year's deficit calculation (which I questioned at the time as curious and even misleading) has already been proven wrong. Since the
money was already «written off» by Ottawa as a loss (on grounds that they had little confidence it would be repaid — contradicting their own assurances at the same time that it was an «investment,» not a bail - out), any repayment will come as a gain that can be recorded in the budget on the revenue side. Jim Flaherty has learned from past
Finance Ministers (especially Paul Martin) that it's always politically better to make the budget situation look worse than it is (even when the bottom has fallen out of the balance), thus positioning yourself to triumphantly announce «surprising good news» (due, no doubt, to «careful fiscal management») down the road. The auto package could thus generate as much as $ 10 billion in «surprising good news»
for Ottawa in the years to come (depending on the ultimate worth of the
public equity share).
Instead of social networking, the online technology that's really shaken up 2008 is fundraising: the candidates» ability to raise almost unlimited amounts of
money online has been a true game - changer, allowing Barack Obama to opt out of
public financing and to begin to build a significant Democratic financial advantage
for the first time in political memory.
He also backs a
public financing system
for campaigns, but wrote in his accompanying policy book
for the State of the State that the
money would come from a non-taxpayer source.
But the governor, in making a refocused pitch
for overhauling campaign
finance laws with a system of
public financing with matching dollars, told reporters earlier today in New York City he finds the process of raising
money as it is now deeply unpleasant.
Connecticut has a
public campaign
finance system that requires a certain percentage of locally - raised
money in order to qualify
for matching funds.
Under Cuomo's proposal, donations to statewide candidates would be capped at $ 25,000
for those not receiving
public money and $ 12,000
for those participating in the new publicly
financed system.
Then there was the most recent stick in the eye: forcing on Dinapoli a pilot
public financing program — only
for his race — that would make the comptroller give back more than two - thirds of his campaign
money or suffer a P.R. hit.
«The 6th District and America need to stop big corporate
money from privatizing our democracy, which means
public funding
for public elections as we have in NYC and a DISCLOSE act so anonymous
money from billionaires doesn't buy our government,» said Green, who is the author of Who Runs Congressand Losing Our Democracy, as well as the author of the multiple matching funds
for small donors part of the City's campaign
finance law.
Every Friday, the Brennan Center compiles the latest news concerning the corrosive nature of
money in New York State politics — and the ongoing need
for public financing and robust campaign
finance reform.
I have no objection to private industry being involved in building schools etc under
public sector management, but, as has been detailed time and time again, the
financing issues are simply a licence
for banks and investment companies to print
money.
The only answer is comprehensive campaign
finance reform, starting with a statewide
public financing system to elevate the voices of average voters, who are too often forgotten amidst the search
for big
money.
19 December 2011 — COMMITTEE ON STANDARDS IN
PUBLIC LIFE Question: To ask Her Majesty's Government how much they estimated the inquiry by the Committee on Standards in Public Life into party political finance would cost; what the final cost of the inquiry was; and how they would assess what represents value for money in the case of such inqu
PUBLIC LIFE Question: To ask Her Majesty's Government how much they estimated the inquiry by the Committee on Standards in
Public Life into party political finance would cost; what the final cost of the inquiry was; and how they would assess what represents value for money in the case of such inqu
Public Life into party political
finance would cost; what the final cost of the inquiry was; and how they would assess what represents value
for money in the case of such inquiries.
The groups, also strong supporters of comprehensive campaign
finance reform built around a core of
public financing of elections, today focused on the urgent need
for ethics reform as another essential way to address the problems created by a
money culture in Albany.
Saying he won't be a «convenient sacrificial lamb,» state Comptroller Tom DiNapoli says he won't opt in to a test system
for public campaign
finance that applies only to his office, and would use
money from the comptroller's unclaimed funds to pay
for it.
In preparation
for the launch of the Fair Elections
for New York campaign, a series of events in Albany and across the state are being held to call attention to state legislators» reliance on out - of - district campaign contributions — further evidence of the need
for a state
public campaign
finance system that relies on small donors and local
money.
«An unusual and well - heeled coalition, trying to tap
public anger over the flood of
money into politics, is pushing to enact a
public financing system
for elections in New York State,» reported the New York Times in a front - page article on the New York Leadership
for Accountable Government (NY LEAD) coalition.
The
public financing system
for the comptroller's race as devised in the budget will use
money from the comptroller's unclaimed funds pool.
However, another prominent Republican, Onondaga county district attorney Bill Fitzpatrick — who is investigating
public corruption in the state as the co-chair of the Moreland Commission — thinks
public financing would be an excellent use of
public money, leading to long - term savings
for taxpayers.
Term limits and outside income bans
for lawmakers are silly ideas, according to former LG Richard Ravitch, but
public financing of elections, a system designed to take the big
money out of politics, would be «key» to any ethical reforms of state government.
With
public financing of campaigns WE would allot a finite amount of
money which could only come from the taxpayers instead of corporate donors thus they would automatically be working
for the voters only which would beholden them to the
public automatically forcing them to do our will versus others.
There's a continuing push
for public financing of campaigns, arguing it removes the influence of big
money and allows challengers who would have trouble raising
money to run.
The question before progressive advocates of
public campaign
financing in New York State is whether we push
for full
public campaign
finance on the Clean
Money model of equal and sufficient funding grants
for all qualified candidates, or whether we settle
for partial
public campaign
financing on the Matching Funds model used
for presidential primaries since 1976 and
for New York City local elections since 1989.
Meanwhile, 30 government reform groups wrote a letter to Cuomo asking him to make good on his call
for public campaign
financing, and
for an independent agency to enforce regulations by putting
money for those plans in the budget.
«We must end the ability of so - called not -
for - profit advocacy organizations to elude regulation and to mock New York City's
public finance system, by allowing campaigns access to virtually unlimited
money from special interests,» he said.
Reformers Unite in Manhattan to Push
for Public Financing On Thursday Citizen Action, the Center
for Working Families, Communications Workers of America, SEIU 1199, Sierra Club, NAACP and the Brennan Center, among others, gathered in Manhattan
for a summit to discuss the next steps
for fomenting the transition to a clean
money system.
Both groups, perhaps ironically, sought to eliminate the influence of
money in politics by electing candidates, like Tkaczyk, who backed
public financing for elections.
At our state conference last month, we overwhelmingly passed resolutions supporting guaranteed healthcare as a human right, free
public education from pre-K through college or trade school, a living wage and fair compensation
for all, investments in environmental protection and renewable energy, restoration of voting rights to former felons,
public financing of elections to eradicate the corrupting influence of big
money in politics, and other policies that serve the people.
An experimental
public campaign
finance system
for the state Comptroller's race has fizzled, after the lone candidate who applied
for the program failed to meet the minimum threshold to obtain the
public monies.
Queens Councilwoman Julissa Ferreras - Copeland, who chairs the powerful Committee on
Finance, suggested the city could lose precious
monies for the NYPD
for its non-cooperation on immigration issues, while the
public hospital network could suffer if the president repeals the Obama - era Affordable Care Act and the school system might lose funding under the policies of U.S. Secretary of Education - designate Betsy DeVos.
Since Malloy is participating in
public financing in the governor's race, Clinton will be raising
money for the Democratic Party instead of directly
for the campaign's account.
Candidates who accept
public financing get rewarded
for raising
money from small donors, which helps make those candidates less beholden to special interests.
Despite the severe constraints of our
public finances, which have resulted from years of mismanagement and corruption, Government has contributed US$ 10 million as seed
money for the Plan.
With
public financing and the alignment of the governor with the legislature, Connecticut passed mandatory paid sick days, increased the minimum wage, adopted an Earned Income Tax Credit, passed in - state tuition
for undocumented students, and reversed a nearly 30 - year trend that gave bottle deposits back to distributors and redirected the
money to
public programs.
Easton today called the committee «nothing but a hit squad
for millionaires and the largest landlords in New York City who want to take
money out of the
public schools to
finance a tax cut
for themselves.»
Public financing by itself does nothing to rein in the rampant corruption in Albany, and instead provides yet another pot of taxpayer
money for the Albany elite to game and loot.
It's not entirely clear what the language on
public financing will ultimately look like, but the expectation is that the resolution will not offer a framework
for how to pay
for the system or where the
money would come from.
As
for the claim that is widely made by good government groups and left leaning reformers that establishing a
public campaign
finance system would go a long way toward getting big
money out of the political system and reducing corruption, New Yorkers aren't really on board.
I emailed Cuomo's press office to ask whether the governor might put
money for a
public campaign
finance system in the budget, but have yet to receive a response.
The
public campaign
financing option would offer a six to one match, using government
money,
for individual contributions up to $ 175.
Senate Majority Leader Dean Skelos would rather spend
money earmarked
for the
public financing of state political campaigns go to education, reiterating his opposition to a measure introduced by Speaker Sheldon Silver in the Assembly on Tuesday.
«In the end, we would save more
money than we would spend by having a
public financing system that allows people to run based on contributions from ordinary citizens rather than from special interest looking
for something in return from the federal or state budget,» she said.
Senate Democrats, who are the minority party in that house, held a news conference with government reform advocates to push
for public financing of campaigns, a bill Senate Democratic Leader John Sampson says will lessen the influence of big
money special interests in politics.