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Eric Adams’ reelection bid is facing a watershed moment Monday when the city Campaign Finance Board is expected to decide whether to grant the indicted mayor millions in public matching funds.
Adams, who is expected to stand trial in April to fight federal corruption charges that include alleged campaign fraud, would face a steep uphill battle in a packed June Democratic primary should the board reject his matching funds request, which provides candidates $8 for each buck donated by New Yorkers up to the first $250 pocketed.
Adams’ campaign is seeking $4.5 million, but the CFB has already flagged one-third of the claims as likely invalid — including half covering donations received from July to October, The City reported citing records released this week.
CFB honchos have said they’re reviewing Adams’ federal indictment as they weigh the mayor’s request for public funds.
The board could also reject Adams based on irregularities with his 2021 campaign.
Either way, the mayor’s political war chest will be far from empty. Adams’ campaign through Oct. 7 had already raised $4.1 million and had $3.1 million in hand, records show.
