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New York City Mayor Eric Adams’ reelection campaign faces a critical moment on Monday as the Campaign Finance Board is set to decide whether to approve millions in public matching funds for the indicted mayor.
Adams, who is scheduled to stand trial in April on federal corruption charges, including alleged campaign fraud, would face significant challenges in the crowded June Democratic primary if his request for matching funds is denied. The funds provide candidates $8 for every dollar donated by New Yorkers, up to the first $250.
Adams’ campaign is seeking $4.5 million, but the CFB has flagged one-third of the claims as likely invalid, including half of the donations received between July and October, according to records released this week. The board is also reviewing Adams’ federal indictment as it deliberates on his request. Additionally, irregularities from his 2021 campaign could factor into their decision.
Regardless of the board’s decision, Adams’ campaign is not lacking in funds. As of October 7, his campaign had raised $4.1 million and had $3.1 million in hand.
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