Despite Denver’s new campaign finance rules, outside money may have won the race

DENVER — .

This election was Denver’s first since creating a new campaign finance system. The Fair Elections Fund is meant to level the playing field by restricting donations to smaller amounts, with a maximum of $500. Any donations less than $50 also get a match of 9 times as much in taxpayer funds.In total, Denver’s 16 mayoral candidates brought in more than $6.6 million for their campaigns. At least $2.5 million of that came from the fund.

The Super PAC Advancing Denver spent the most: $2.3 million to support Johnston. More than $900,000 of that outside support came from Reid Hoffman, a venture capitalist who cofounded LinkedIn. The results rolling in raise questions about whether the fund is working as intended. While the top two vote recipients had the most campaign support, there isn't a clear trend between money and votes.

AAlbaladejo Power and control are top political priorities for Dems and Republicans. They don’t give a f… about what’s best for everyone

AAlbaladejo I thought Democrats were against free spending in elections?

Why does it take so long to count all the votes ?

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Annual 'Chocolate Scorecard' ranks best chocolate companies for fair trade: General Mills, Walmart among worstHershey, Nestlé and Mars detailed on their websites their efforts to try to reduce child slave labor in the supply chain. Can change genders but can’t work. 😂
Source: FOX29philly - 🏆 570. / 51 Read more »