Eric Adams Could Be Denied Millions in Matching Funds on Monday, as Years of Fundraising Tactics Come Under Scrutiny
Mayor Eric Adams will face a make-or-break moment when the panel that doles out millions of dollars in public campaign matching funds decides whether his reelection bid merits more taxpayer money — despite mounting evidence of irregularities and allegations of fraud in both his 2021 and 2025 campaigns.
On Monday, the city Campaign Finance Board is scheduled to announce which candidates in next year’s election merit a first round of funding in the program, which provides $8 for every $1 donated by city residents up to the first $250.
With the primary just six months away, the board’s decision on whether to award Adams the $4.5 million in matching funds his campaign has requested so far could determine the mayor’s ability to get himself re-elected.
Adams’ past and current fundraising are under intense scrutiny by the board — and by federal prosecutors, who allege in a criminal indictment that Adams directly participated in efforts to illegally manipulate the matching funds program in both 2021 and 2025.
This time around, the board has preliminarily flagged one-third of his matching funds claims as likely invalid — including half of all of those in the most recent period, covering July through October, records released Tuesday show.
https://www.thecity.nyc/2024/12/10/eric-adams-campaign-public-matching-funds/