The nine publically financed candidates in the mayor’s race agreed to not spend more than $1.475 million. But if third-party groups and non-public financing candidates spend more than that cap, then it is raised.
That’s what happened Wednesday thanks to spending in support of Mayor Ed Lee.
The Ethics Commission raised the spending cap to $1.575 million.
“Based on filings received by the Ethics Commission [Tuesday], total supportive funds of Ed Lee, a candidate for Mayor, totaled $1,577,875,” the Ethics Commission said. That means the publically financed candidates can spend more and also receive more matching funds than the initial $900,000 in matching funds.
The ceiling may continue to rise. The commission increases the ceiling in $100,000 increments.
Under The City’s public financing, “a candidate running for mayor who seeks public funding must abide by his or her individual expenditure ceiling, which begins at $1,475,000, and may be raised in increments of $100,000 based on the sum of opposition spending against the participating candidate and the total supportive funds of the candidate’s opponents.”
Mayor Ed Lee, who is not taking public financing, has raised a total of $1,106,790 as of Oct. 16, and spent $1,132,829.
There are also several third-party groups spending money in support of Lee, which combined with Lee’s own campaign spending, has triggered the ceiling increase for the publically financed candidates.