Mayor Adams’ reelection marketing campaign acquired about $250,000 in donations throughout the latest reporting interval — considerably lower than a number of of his challengers — however his group downplayed the dip as the results of a fundraising pause in fall 2024.
Vito Pitta, an legal professional for Adams, disclosed the haul for the most recent interval on Wednesday morning earlier than the anticipated submission of the marketing campaign’s full submitting.
Pitta didn’t delve into element on how a lot cash Adams’ marketing campaign has readily available, or say how a lot it might need spent within the newest interval, which spanned from Oct. 8 by this previous Saturday.
Pitta did say the $250,000 rolled in after Adams began fundraising once more in mid-December.
Adams paused 2025 marketing campaign fundraising operations in mid-October after his group mentioned he had acquired sufficient non-public money to satisfy the $7.9 million spending max with public matching funds factored in.
However the Marketing campaign Finance Board then denied Adams matching funds on Dec. 16 as a result of issues about his federal corruption indictment. The indictment, to which Adams has pleaded not responsible, alleges he took unlawful marketing campaign money and bribes, largely from Turkish authorities operatives, in alternate for political favors.
Adams’ marketing campaign is predicted to enchantment the CFB’s determination, however Pitta indicated in an announcement Wednesday that Adams will preserve fundraising in coming months within the occasion that the matching fund denial stands.
“We expect that number to grow significantly in the near future and are well-positioned to have the maximum amount to spend,” Pitta mentioned.
The Democratic mayoral main through which Adams faces a sprawling area of challengers is about for June 24.
In an indication the mayor could also be making ready for an election cycle with out matching funds, he held a reelection marketing campaign fundraiser attended by cryptocurrency executives in Puerto Rico in December the place he requested attendants to present $3,850 every. Candidates who take part within the matching funds program can solely settle for $2,100 particular person donations, however the cap’s lifted to $3,850 for individuals who choose out of this system.
As of the Oct. 7 finish of the final reporting interval, Adams — who began fundraising for his reelection shortly after taking workplace in January 2022 — had pulled in about $4.1 million complete in non-public funds for his 2025 marketing campaign, with $3.1 million in money readily available.
A number of of the candidates difficult Adams on this yr’s mayoral elections raised greater than he did within the newest fundraising interval.
Project ? RIKERS
Assemblyman Zohran Mamdani. (Theodore Parisienne for New York Each day Information)
The contains Queens Assemblyman Zohran Mamdani, a democratic socialist who raked in $642,339 from 6,502 particular person donors after launching his mayoral bid on Oct. 22, making him eligible for some $2.4 million in public matching funds, in line with his marketing campaign.
Unbiased mayoral candidate Jim Walden raised practically as a lot within the newest window, pulling in $630,000. He has not but met the thresholds for public matching funds, although.
Full fundraising disclosures for all 2025 mayoral candidates, together with Comptroller Brad Lander, former Comptroller Scott Stringer, Brooklyn state Sen. Zellnor Myrie and Queens Assemblywoman Jessica Ramos, are due Wednesday. Stringer, Lander and Myrie all say they’ve as of this submitting met the necessities to obtain public matching funds.
New York Metropolis Comptroller Brad Lander. (Barry Williams / New York Each day Information)
An up to date monetary disclosure for Adams’ authorized protection belief — which he makes use of to cowl legal professional charges racked up in his corruption case — can be due Wednesday.
Pitta wouldn’t reveal any preliminary particulars in regards to the belief’s newest submitting aside from to say Adams hasn’t actively fundraised for the fund in current months.
The belief was already low on money as of the final submitting in mid-October amid mounting authorized payments and a slowdown in donations. On the time, Pitta mentioned the belief anticipated an uptick in donations as “interest is strong.”
Initially Printed: January 15, 2025 at 10:35 AM EST
