Still catching your breath from the Democratic mayoral primary? New York City\u2019s donor class hasn\u2019t taken much of a break.<\/p>\n
In the latest campaign finance reporting period \u2013\u00a0which stretched from the final two weeks of the Democratic primary to the first couple weeks after it \u2013\u00a0general election contenders continued to raise money, some of them quite aggressively.\u00a0<\/p>\n
From Mayor Eric Adams\u2019 strong haul to Democratic nominee Zohran Mamdani\u2019s well-oiled grassroots machine, here\u2019s what you need to know in the latest campaign finance filings.\u00a0<\/p>\n
Eric Adams, powered by real estate, surges<\/strong><\/p>\n Mayor Eric Adams hoped that Zohran Mamdani\u2019s victory in the Democratic primary would give his reelection campaign a much-needed boost. His campaign coffers received one, bringing in the vast majority of a $1.5 million haul for this fundraising period after the primary on June 24. Adams had the best fundraising period of any of the five major candidates for mayor in November, including Mamdani, Andrew Cuomo, Republican Curtis Sliwa and independent Jim Walden. A significant piece of that came from the real estate industry<\/a> \u2013\u00a0not just SL Green, which hosted a fundraiser for him last week and is renting his campaign office space \u2013\u00a0but also from dozens of employees at major brokerage firms including CBRE and Newmark, as well as Cushman & Wakefield. After skipping the expensive Democratic primary, Adams now has the most cash on hand of the general election candidates: roughly $4.3 million. Several major hitches for Adams\u2019 hopes at reelection remain, including the fact that he was again denied public matching funds by the city\u2019s Campaign Finance Board this week.<\/p>\n Cuomo lags post-primary<\/strong><\/p>\n While industry rallied around Adams in this last period, Cuomo stagnated. In fairness, it was only this week that Cuomo officially announced that he would mount a real campaign for mayor in November. Still, he brought in only $2,000 and change since the primary on June 24. His total haul for the period was roughly $64,000. Cuomo now has roughly $1.2 million in the bank.<\/p>\n Keep an eye on IEs<\/strong><\/p>\n The Democratic primary demonstrated in breathtaking fashion just how quickly candidate fundraising and the city\u2019s public matching system can be overshadowed \u2013 and outspent \u2013\u00a0by independent committees. The Cuomo-aligned independent expenditure committee Fix the City spent a whopping $22.4 million in the course of the primary in support of Cuomo and against Mamdani. The donations to that PAC from former Mayor Michael Bloomberg alone totaled $8.3 million \u2013\u00a0exceeding the limit on the total amount campaigns themselves could spend in the course of the primary. Deep pocketed spenders are likely to continue to shell out for the general election, with at least one anti-Mamdani PAC looking to raise<\/a> around $25 million.<\/p>\n While Fix the City has not publicized its plans for the general election, the committee continues to bring in money. Three donations totaling $300,000 were reported between June 26 and July 3 by Fix the City. It\u2019s unclear whether the IE will remain strictly aligned with Cuomo \u2013\u00a0rather than spending on behalf of one of Mamdani\u2019s other challengers, or spending just in opposition to Mamdani. \u201cFix The City is currently assessing the evolving situation and has yet to decide what role it intends to play in the general election,\u201d spokesperson Liz Benjamin said in a statement.<\/p>\n Zohran Mamdani grassroots \u2013\u00a0and out of state \u2013\u00a0appeal<\/strong><\/p>\n The Democratic nominee and front-runner in November\u2019s mayoral race maintained his dominance in grassroots fundraising, bringing in more than $816,000 in donations after the primary. <\/strong>His total fundraising haul for the period \u2013\u00a0roughly $852,000 \u2013\u00a0came from 10,322 donors, making for an average donation size of $83. That\u2019s much smaller than Adams\u2019 average donation size of $935 or Cuomo\u2019s of $209 this period.<\/p>\n Mamdani\u2019s campaign also continued to attract support<\/a> from addresses outside New York City, accounting for just over half of his donations. A significant portion of Adams\u2019 donors also came from outside the city and the state. The mayor attended a fundraiser<\/a> for his reelection held in Florida last week.<\/p>\n","protected":false},"excerpt":{"rendered":"Still catching your breath from the Democratic mayoral primary? 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