By Patrick McGreevy
March 10, 2015
Citing inflation, the state’s campaign finance watchdog agency is considering a proposal to raise the fundraising thresholds at which campaigns must report their financing, drawing some concerns from an advocate for fuller disclosure.
Currently, campaign committees and independent expenditure committees must report their fundraising and spending when they receive contributions of $1,000 or more in a calendar year. The state Fair Political Practices Commission staff is recommending that the panel support legislation that would raise that level to $2,000.
In addition, contributors must file special “major donor” reports disclosing all donations they make when they give $10,000 in a calendar year. The bill recommended by the FPPC staff would raise that threshold to $20,000.
The state Political Reform Act’s “committee qualification thresholds have not been updated since at least 1987 and the proposed increases in the bill are intended to adjust the thresholds with the rate of inflation,” wrote Erin Peth, executive director of the FPPC in a memo to the panel.
She also said the current low thresholds “can be a barrier for those individuals who wish to participate, but who will not be raising or spending large amounts of money in connection with an election.”
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