Money-Politics

The second-day story from New York City’s primaries last week could have been the exceptional performance of the city’s unique system of small-donor public financing. By providing a six-dollar public match for every dollar raised in contributions of $175 or less, the system enabled the little-known Scott Stringer to compete with and defeat Eliot Spitzer’s family fortune in the race for Comptroller. On the Republican side, it helped mayoral nominee Joe Lhota, who received almost half his total spending in public money, to overcome another self-financed millionaire.

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