The Life of the Party
Hard Facts on Soft Money "Housekeeping" Accounts in New York State
In the last decade plus, special interests have given $133.8 million to housekeeping accounts in return for influence and access to lawmakers
Common Cause/NY today unveiled an in-depth analysis of soft money giving to housekeeping accounts in New York State. New York Election Law establishes numerous limitations on campaign contributions which political candidates and parties may receive. No individual may give more than $150,000 in the aggregate in any single year, and no corporation may give more than $5,000 in a single year. Political party committees may accept no more than $102,300 from an individual and $5,000 from a corporation. However, housekeeping accounts represent a much exploited loophole in the campaign finance law which allows any corporation, individual, union, or other interest to circumvent campaign contribution limits and give unlimited sums of cash, aka, "soft money".
Analysis of NYSDC Soft Money (July 2013)
Common Cause/NY Press Release: read it here.
Times Union: 'Housekeeping' funds under fire 5-21-13
NY Daily News: In recent years, Mayor Bloomberg has been the soft money king in New York 5-21-13
YNN: Susan Lerner Interview 5-21-13
Capital Tonight: Report Finds Millions Of Campaign Dollars Funneled Through Loophole 5-21-13
NY Daily News: Reformers Take Hard Line On NY Soft Money 5-21-13
Rochester City Newspaper: Good government groups take aim at soft money 5-22-13
Star Gazette: Soft money contributions on the rise in New York 5-21-13
Ithaca Journal: Soft money contributions on the rise in New York 5-21-13
WGRZ: Soft-Money Contributions on the Rise in New York 5-22-13