Eric Adams’ re-election hopes took a hit Monday when the Campaign Finance Board declined to approve more than $4 million matching funds to the mayor months after his indictment on federal public corruption charges.after his indictment on federal public corruption charges.
The CFB’s decision came Monday following a unanimous vote of the six-person panel on approving matching funds for qualified candidates who met the board’s criteria for this cycle.
Vito R. Pitta, Adams’ campaign counsel, expressed disappointment in the CFB’s denial on Monday, but said it would “continue to work with the board to address any issues so that funds can be appropriately disbursed.” He also noted that the Adams campaign “continues to have far more resources than his opponents, and we are very confident we will have the support we need to spend the maximum amount allowable in the upcoming primary.
“His campaign also failed to provide documents and information requested by the board,” Schaeffer said toward the end of the brief Dec. 16 meeting in which the decision was announced. “Accordingly, Mayor Adams’ campaign for re-election has failed to demonstrate eligibility for public funds payment at this time. Our priority remains achieving an equitable and transparent democracy that is accountable to all New Yorkers.
No fewer than seven individuals have emerged to challenge Mayor Adams in the 2025 Democratic primary: City Comptroller Brad Lander, former City Comptroller Scott Stringer, state Senators Zellnor Myrie and Jessica Ramos, Assembly Member Zohran Mamdani, former Assembly Member Michael Blake and attorney Jim Walden.