How can we be sure candidates won’t abuse the new public donor system for their own gain? Initiative 1464 will create an accountability system to protect the integrity of your financial support by strengthening rules for all lobbyists and politicians. Candidates running for office who choose to accept public money will also have to follow stronger campaign finance laws that exist today. Specifically, Initiative 1464 dictates that:
- Candidates have to prove viability by raising contributions of at least $10 from at least 75 people in their district before they can receive funds via the voluntary public donor system. Only serious candidates will be able to meet that threshold.
- Funds from the public donor system cannot be used for personal benefit.
- Candidates who drop out have to return surplus funds to the state.
- Candidates who receive public donor funds cannot transfer those dollars to another candidate or campaign.
- Candidates can no longer take advantage of an existing loophole that allows them to use campaign contributions to pay themselves an unlimited amount for time spent campaigning. I-1464 would limit candidates to reimbursing themselves at a rate no higher than the state’s median income.
Post by Nicole Laurent