About 81 percent of Gov. Andrew Cuomo’s campaign warchest came from donors who gave more than $10,000, according to an analysis from a good-government group.
Cuomo’s campaign raised a total of $7 million in the last six months, bringing its total on hand to $33.3 million, according to a Board of Elections filing Wednesday.
The report from the New York Public Interest Research Group found 242 donors have given Cuomo a total of $40,000 or more since he took office in 2011, led by developer Leonard Litwin, who has used a series of limited liability companies to donate $800,000.
Donors of less than $1,000 made up .85 percent of Cuomo’s fundraising totals. When looking just at individuals and not corporations, the total drops to .69 percent, according to NYPIRG.
Cuomo’s massive fundraising haul comes as he continues to publicly support reforms to the state’s campaign-finance system, which has been consistently derided by NYPIRG and other advocacy groups for its loopholes and lack of enforcement.
In his written State of the State message to the Legislature last week, Cuomo renewed a call for public campaign financing, which would match small donations to political campaigns with public money at a 6-to-1 rate. The idea, supporters say, is to emphasize small donors and reduce the influence of big-money interests.
“Governor Cuomo believes that New York needs a public financing system for political campaigns,” according to the book. “Such a system would allow the voices of those who can only afford to make small contributions to be amplified by a small donor matching system.”
(AP file photo)
Here’s NYPIRG’s analysis: