Public Financing of Campaigns is the Future. But no one wants to accept it. Thoams DiNapoli wants NY to accept it. I say it is a bigger problem. A Federal problem.
According to the National Conference of State Legislatures, 13 states across the country offer some kind of public financing to political candidates, and those systems have been proven to work. New York City has operated under a voluntary publicly funded system for more than 20 years. While not perfect, it is successful in promoting competition and reducing the influence of private donations.
In this era of extreme voter cynicism brought on by a seemingly endless series of corruption scandals, it’s time for the state to get on board. We need comprehensive campaign finance reform in New York now, including public funding of elections for all state offices: Governor, Comptroller, Attorney General, State Senate and Assembly.
The bottom line is that we must change the old ways of raising money in Albany. It’s time for New York State to build a new foundation of public trust by enacting campaign finance reform in time for the next state election.