NYC Mayoral Campaign Heats Up: Adams Dominates Funding, Rivals Show Promise

New York City Mayor Eric Adams continues to lead the pack in fundraising for his potential reelection campaign, raising $1.1 million from nearly 1,500 donors over the last six months, according to a recent filing with the New York City Campaign Finance Board.

“The mayor’s campaign has continued to draw strong support from New Yorkers,” stated Adams’ campaign counsel Vito Pitta.

While Adams’ campaign has raised substantial funds, his low approval ratings have prompted several Democrats to consider challenging him.

Former City Comptroller Scott Stringer and State Senator Zellnor Myrie have officially entered the race, while current comptroller Brad Lander and former governor Andrew Cuomo are reportedly considering bids.

Stringer, attempting to rebound from a derailed 2021 campaign due to allegations of sexual misconduct, has raised approximately $424,000 from 2,100 donors. 

His campaign emphasizes a more efficient administration and has begun courting real estate donors, which he avoided in his previous campaign.

Stringer emphasized this point, saying, “The beauty about the campaign finance system is it equalizes the campaign. As we go forward, (Adams) is already maxed out. Every filing, I’m going to get closer and closer until we hit $8 million.”

Myrie’s team announced approximately $326,000 raised since May, which could grow to over $1.3 million with matching funds. 

Myrie, 37, is focusing on his progressive credentials and grass-roots appeal. At a recent event, he emphasized his plan for “free universal after-school programming,” which resonated with the millennial crowd.

Myrie currently represents the senate district that was represented by Mayor Adams during his tenure in the State Legislature, cutting into black voters and Adams supporters. Monica Klein, spokesperson for Myrie, said, “Zellnor knows we need a well-run city where we can afford to live and raise families – and grassroots donors across the five boroughs agree.”

The city’s campaign finance system matches small donations and plays a crucial role. The average donation sizes for Myrie and Stringer have been between $145 and $161, taking advantage of the matching funds program as only the first $250 are eligible.

The New York City Campaign Finance Board’s first matching funds payment will be dispersed on December 16th.

The incumbent mayor’s fundraising efforts have intensified following an FBI raid on his chief fundraiser’s home in November. Despite this setback, Adams has secured donations from high-profile individuals and is preparing for a final push to complete fundraising by fall.