Of the $19,000 in donations to 14 sitting council members or candidates, $13,900 comes from Taxpayers for an Affordable New York, run by the Real Estate Board of NY. Another $4,600 comes from Rent Stabilization Association’s PAC, and $500 from the Neighborhood Preservation Political Action Fund, which appears to be linked to an RSA staffer.
Much of the fresh cash came from real estate developers, large-scale landlords and heads of speculating private equity firms, along with a slew of billionaires, attorneys, Eric Adams-aligned political action committees, sports gambling execs and the New York Yankees.
As of Nov. 30, according to a disclosure statement produced by the transition team, Adams had raised $993,478 from around 530 donors, including nearly 150 from outside New York City.
“Disparities that we normally see in campaign fundraising were not apparent this time around in New York City,” said an analyst at the Brennan Center, which compared self-identified gender and race information for each candidate in a competitive June primary with their campaign finance records.
He’s raised big money from real estate, advocated for lots of development, and approved the majority of development deals he’s considered—with a few important exceptions.
Highlights from the latest financial filings by 2021 candidates for mayor, comptroller, borough president and City Council in New York
While two candidates reported having more than a million on hand to fuel a five-month push to the Democratic primary, two others released policy plans for conviction review and re-entry planning.
Eric Adams, Ray McGuire and Scott Stringer have large war chests. No one else in the race has more than $1 million on hand, and some campaigns appear to be running on fumes.
From the comptroller contest down to City Council, candidates are building large financial edges that matching funds could narrow or widen.