Two leading candidates in the 2025 NYC mayor’s race — former Gov. Andrew Cuomo and city Comptroller Brad Lander — both say they have reached the city’s $8.3 million spending cap when including public matching funds with a little over four weeks until the Democratic primary.
Cuomo’s campaign has raked in nearly $3.9 million in private donations since launching on March 1, according to newly updated city Campaign Finance Board (CFB) records the most recent fundraising period between March 13 and May 19. He currently has roughly $3.5 million in his campaign account.
The former governor, who resigned in 2021 amid nearly a dozen accusations of sexual harassment that he denies, is the front-runner in the polls and has won the backing of many institutional Democrats and influential groups.
Mayor Eric Adams, who is a non-factor in the Democratic primary after opting to run as an independent in the November general election instead, raised $155,000 this period, a significant rebound from the just $19,000 he recieved in the last one. He has $2.7 million cash-on-hand.
Cuomo’s campaign says that with $1.5 million in public matching funds it already received from the CFB earlier this month combined with another $2.8 million it expects to be awarded on May 30, it will hit the board’s $8.3 million fundraising limit.
“We are truly overwhelmed by the outpouring of support,” said Bill Mulrow, Cuomo’s campaign chairman, in a statement. “In just 80 days, New Yorkers from every borough have come together to help us build a campaign with the broadest and most diverse coalition of support.”
Queens Assembly Member Zohran Mamdani, who is polling in second place to Cuomo, was the first candidate to max out their fundraising earlier in the spring. He has $4.5 million cash-on-hand, CFB records indicate.
However, there is no guarantee that Cuomo’s campaign will unlock the full amount of public dollars that it anticipates, especially following previous missteps it made around the city’s matching funds system. In April, the CFB denied Cuomo any public funds due to widespread errors with the paperwork it submitted and earlier this month the board withheld over $600,000 in additional funds over a preliminary finding of illegal coordination between the campaign and a super PAC supporting it.
The super PAC backing Cuomo, known as “Fix the City,” has already raised over $8 million — the most of any outside expenditure backing a candidate in a city election.
Lander, who has been moving between third and fourth place in the polls, announced earlier this week that he has also reached the $8.3 million spending limit.
“We’ve raised the maximum that you’re allowed to spend under New York City’s best in the nation public finance system,” Lander told reporters during a Tuesday news conference. “It’s a sign of great grassroots support…This guarantees that we’ll have all the resources that we need to communicate my message of a safer, more affordable and better run city for all New Yorkers.”
CFB records show that the comptroller’s campaign has raised over $6.3 million in private and public funds combined and has close to $1.6 million at its disposal. In effect the campaign is expected to get another $2 million in matching funds from the board on May 30.
Cuomo, Mamdani, Lander, state Sen. Zellnor Myrie, and former city Comptroller Scott Stringer have already deployed their war chests to hit the airwaves with TV ads.
The campaign for City Council Speaker Adrienne Adams, another candidate near the front of the pack, raised over $520,000 since launching in early March, according to the CFB. When including receipts, that sum grows to nearly $740,000.
Of that amount, the campaign said, close to $300,000 are eligible for matching funds, which the speaker has not unlocked thus far.
“I am overwhelmed by the outpouring of support,” the speaker said in a statement. “Our dollars raised in such a short time indicate that New Yorkers of all stripes want to turn the page from the drama of the past few years. I’m in this race because I want our city to be safe and affordable for my children and grandchildren.”
The revelation came after Mamdani made the unprecedented move of encouraging his own supporters to donate to the speaker just a day before the fundraising deadline earlier this week.
Speaker Adams has close to $294,000 in her campaign account.
Myrie’s campaign says it raised over $900,000 in private donations since launching about a year ago, roughly $115,000 of which it brought in over the past two months, according to the CFB. It has received $2.7 million in matching funds so far and expects to unlock another $800,000, which would bring its total haul to $4.4 million. The state Senator has $418,000 cash-on-hand.
Stringer raised more than $1 million in private contributions since launching his bid last year, over $100,000 of which he brought in since mid-March. His campaign says that will bring his total amount raised to over $5.4 million, including the nearly $3.6 million in matching funds he has recieved so far and the roughly $745,000 he expects to unlock.
Stringer has a balance of $2.8 million in his campaign account.
