Rep. Yaccarino, GOP score clean elections victory

After introducing legislation earlier this year aimed at cleaning up the state’s publicly-funded campaign program, Rep. Dave Yaccarino (R-87) joined GOP lawmakers Thursday in supporting a comprehensive proposal that closes loopholes in current campaign financing law and curbs dirty money.
Yaccarino, a cosponsor of H.B. 6749, praised the bill which caps organizational expenditures by state political parties, reduces individual donor limits to state political parties from $10,000 to $5,000, eliminates grants to unopposed candidates, bars state contractors from donating to a federal account to fund a state race and reduces all publicly-funded Citizens Election Program (CEP) grants by 25 percent.
“With current campaign financing laws, too much of hard-earned taxpayer dollars is spent on political campaigns,” Yaccarino said. “I hope that Democrat controlled state Senate will adopt this much needed proposal and that the governor will sign it into law.”
The proposal passed 134-12, with a good portion of majority party Democrats voting against it – a victory by the 64-member GOP minority.
The CEP, which funds gubernatorial and state Senate and House races, is a public finance program that awards candidates with campaign funding after hitting a specific private contribution threshold. Since 2008, the 1,185 taxpayer-funded CEP campaigns have cost $80.7 million, according to the nonpartisan Office of Fiscal Analysis.
In 2014, taxpayers footed a $33.4 million bill in 326 publicly-funded campaigns. The Republican-proposed spending reduction would save taxpayers $7 million in a gubernatorial election year and $2.4 million in presidential cycles.