Manhattan Donors Pour Cash Into New York City Mayoral Race

Candidates vying to be the next mayor of New York City have received millions of dollars from mostly local donors, including a concentration of large contributions coming from a few parts of Manhattan, according to city Campaign Finance Board records.

More than 46,740 donations have so far poured into the crowded mayor’s race, totaling $13,545,443, according to the board. More than three dozen candidates have filed for the contest to succeed Mayor

Bill de Blasio,

who will leave office at the end of this year due to term limits. The mayoral primaries will be held on June 22.

The majority of donors are from New York City, and 84% of the contributions were below $250, according to the campaign finance records. But a few ZIP Codes in Manhattan accounted for a large amount of high-dollar donations.

In the 10024 ZIP Code in Manhattan’s Upper West Side, 1,250 donors have given more than $514,000, according to the Campaign Finance Board records. The majority of donors in the ZIP Code gave to two Democratic mayoral candidates: city Comptroller Scott Stringer and

Ray McGuire,

a former vice chairman at Citigroup.

On Manhattan’s Upper East Side, 606 donors living in the 10021 ZIP Code gave a total of $472,986, records show. Most of the donations went to Mr. Stringer and Mr. McGuire, who isn’t participating in the public-matching-funds program run by the Campaign Finance Board.

Since joining the race last fall, Mr. McGuire has raised $6.1 million, which includes $1.1 million in donations in just over the last 30 days, according to Lupe Todd-Medina, a senior adviser to his campaign.

By not participating in the matching-funds program, Mr. McGuire can take individual donations of up to $5,100, compared to the $2,000 maximum for candidates enrolled in the program.

Normally, mayoral candidates enrolled in the matching-fund program are capped at spending $7,286,000 on their campaigns. However, since Mr. McGuire’s campaign has already raised more than half that, the cap could increase to $10.9 million by late April, according to the Campaign Finance Board.

If Mr. McGuire ends up raising three times the original limit, there will no longer be any limit to fundraising, according to the board.

Ms. Todd-Medina said Mr. McGuire needed to raise money at first because he lacked name recognition. While he has received significant support from wealthy donors, he has also been backed by small business owners around the city, she said.

“I don’t think people realize how many donors we have, and how many are small-dollar donors,” she said in an interview.

Newly released maps from the Campaign Finance Board help to visualize where support for candidates is based by donations.

Steven Romalewski, director of the CUNY Mapping Service at the City University of New York’s Graduate Center, created the maps with the CFB. He said the maps show overall donations are coming from all across the city, which encourages candidates to engage more with voters.

“It inspires the candidates to reach out to a much broader cross section of the population and all over the city,” Mr. Romalewski said in an interview.

Write to Katie Honan at Katie.Honan@wsj.com

Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Appeared in the February 25, 2021, print edition as ‘Donors Pour Cash Into Mayoral Race.’

Source: WSJ – US News

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