Three New York City mayoral candidates will testify on Tuesday in Manhattan at a public hearing Attorney General Eric Schneiderman is holding on disclosure rules for nonprofits engaging in politics. It’s the first of four hearings that will occur throughout the state, followed by Albany, Buffalo and Long Island, to allow members of the public to comment on new regulations in person.
Schneiderman wants to require that nonprofits, including 501(c)(4) organizations registered with the state, report how much of their expenditures go toward federal, state, and local campaigns. Groups that spend at least $10,000 to influence elections in the state must file itemized schedules of expenses and contributions, and groups that spend $25,000 or more must disclose that information for every contribution over $100.
“This would bring new transparency in city and state elections, anytime there’s over $10,000 spent,” said a Schneiderman spokesman.
Mayoral hopefuls Christine Quinn, Bill de Blasio, and Bill Thompsonare expected to share their thoughts at the hearing.