- Albany Watch - http://statepolitics.lohudblogs.com -
Report: Big-Money Donors Fuel Cuomo’s Re-Election
Posted By Joseph Spector On January 16, 2013 @ 12:52 pm In Other | Comments Disabled
Seventy-nine percent of Gov. Andrew Cuomo’s campaign contributions since taking office have come from those who gave him more than $10,000, a report today found.
At least 142 donors gave Cuomo $40,000 or more since he took office in January 2011, the report from NYPIRG found. One percent of his total contributions came from those who gave $1,000 or less.
In all, Cuomo has raised more than $21 million since he took office. His campaign reported yesterday that it raised more than $4 million for the six-month period ending Jan. 15. He now has $22.5 million on hand as he faces re-election in 2014.
NYPIRG said some donors took advantage of New York’s porous campaign-finance law by using multiple subsidiaries to exceed the state’s contribution limits, which is $60,800 for a statewide race. The contribution limit of $60,800 is a combination of money people can give for a primary and general election.
It’s unlikely Cuomo will face a primary challenge, so if he doesn’t some donors would have to be refunded by Cuomo’s campaign the $19,700 per donor for the primary.
Cuomo’s top donor by far was the holdings of Leonard Litwin, a New York City developer, who along with his various subsidiaries have given Cuomo $500,000, NYPIRG said.
Article printed from Albany Watch: http://statepolitics.lohudblogs.com
URL to article: http://statepolitics.lohudblogs.com/2013/01/16/report-big-money-donors-fuel-cuomos-re-election/
URLs in this post:
 Cuomo Fundraising Dec 10 Through Jan 13: http://www.scribd.com/doc/120652422/Cuomo-Fundraising-Dec-10-Through-Jan-13
 jspector: http://www.scribd.com/jspector