Yang hits donation threshold to get city matching funds

Andrew Yang announces his run for New York City Mayor at a press conference on January 14th. | Kevin Hagen / AP Photo

Andrew Yang has enough donations to qualify for tax dollars, his mayoral campaign said Sunday.

The former presidential candidate, who submitted his bid for New York City mayor last month, said he raised more than $ 250,000 from donors in New York City. Under the city’s campaign funding rules, candidates who have reached this threshold with at least 1,000 local contributors can receive campaign money from the city, with small contributions being matched at an 8 to 1 rate.

The campaign is expected to raise more than $ 2 million in public funding, according to a memo released on Sunday in which the city’s Campaign Finance Board is reviewing the numbers.

In total, the campaign said it raised over $ 1 million from all donors, including New Yorkers and non-urban residents. Around 11,000 people donated.

Upon review, Yang will become the fourth Democratic mayoral candidate to reach the fund mark, after attorney Maya Wiley. Eric Adams, President of the City of Brooklyn; and Scott Stringer, City Comptroller.

“Though we entered the racing months or even years after other contestants, we quickly raised over $ 250,000 in 8: 1 donations from New York residents to qualify for city matching funds. This is the fastest campaign to reach the matching funds threshold in the race ”, wrote campaign managers Sasha Ahuja and Chris Coffey in the memo.

The average contribution amount is $ 84, the campaign said.

Yang has spearheaded the handful of public polls conducted to date in the main race, despite a number of perceived stumbling blocks early in his campaign.

He announced earlier this month that he has Covid-19 and has been banned from the personal campaign path.

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