LOS ANGELES : Panel Ups Matching Funds Available to Candidates
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The Los Angeles Ethics Commission on Thursday boosted the amount of city matching funds available to candidates in the upcoming elections.
The limit for mayoral candidates went from $333,500 to $533,600.
The commission, which has $8 million available, said earlier in the election season that the large number of candidates and the amounts they expected to raise would make it impossible to provide the level of matching funds initially expected.
Thursday’s increase will be reviewed next month to determine whether more funds can be made available. Candidates may obtain public financial assistance only if they agree to campaign spending limits.
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