Waste of the Day: New York Will Multiply Campaign Donations Up To 12 Times
This story originally was published by Real Clear Wire
By Adam Andrzejewski
Real Clear Wire
Topline: A relatively new program in New York State will use $39.5 million of taxpayer funds to match small donations to political campaigns for state offices, expanding them up to 12 times their original value.
Key facts: The Public Campaign Finance Program multiplies campaign contributions of $250 or less. If an individual donates $10 to a legislative candidate, the politician will receive an extra $120 from the government.
Candidates running for governor, lieutenant governor, attorney general or comptroller receive funds at a 6 to 1 ratio.
Politicians running for the state legislature get their donations multiplied between eight and 12 times,
