“SF ETHICS COMMISSION ANNOUNCES THAT THE INDIVIDUAL EXPENDITURE CEILING HAS BEEN RAISED FOR MAYORAL CANDIDATES”
So, look forward to even more of your money to be spent like this:
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All the deets:
The San Francisco Ethics Commission announced today that it raised the Individual Expenditure Ceiling of nine publicly financed mayoral candidates, Michela Alioto-Pier, John Avalos, David Chiu, Bevan Dufty, Tony Hall, Dennis Herrera, Joanna Rees, Phil Ting and Leland Yee, to $1,575,000. The Individual Expenditure Ceiling for these nine candidates was raised because the Total Supportive Funds of another candidate totaled $1,577,875.
Based on filings received by the Ethics Commission yesterday, Total Supportive Funds of Ed Lee, a candidate for Mayor, totaled $1,577,875. Accordingly, by law, the Ethics Commission was required to raise the Individual Expenditure Ceiling of all publicly financed mayoral candidates.
A table reflecting the Individual Expenditure Ceilings of all publicly financed candidates is updated as ceilings are adjusted and is posted on the Ethics Commission website at http://www.sfethics.org/ethics/2011/03/campaign-finance-expenditure-ceilings-november-8-2011-election.html
A candidate running for Mayor who seeks public funding must abide by his or her Individual Expenditure Ceiling, which begins at $1,475,000, and may be raised in increments of $100,000 based on the sum of opposition spending against the participating candidate and the total supportive funds of the candidate’s opponents. A candidate is required to file Form SFEC-152(b)-2 within 24 hours of receiving contributions or making expenditures that equal or exceed $1,000,000 and for every $50,000 thereafter. Any person making independent expenditures, electioneering communications, or member communications that clearly identify a candidate for Mayor is required to file Form SFEC-152(b)-3 within 24 hours of each time the person spends $5,000 or more per candidate.
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The Ethics Commission, established in November 1993, serves the public, City employees and officials and candidates for public office through education and enforcement of ethics laws. Its duties include: filing and auditing of campaign finance disclosure statements, lobbyist and campaign consultant registration and regulation, administration of the public financing program, conflict of interests reporting, investigations and enforcement, education and training, advice giving and statistical reporting.
Contact: John St. Croix”
|Publicly Financed Candidate’s Name||IEC|
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