Democrat Zohran Mamdani announced Monday that his campaign has reached the maximum funding limit for the June primary, making him the first candidate to do so.
Mamdani, an assemblyman representing Astoria, has raised more than $8 million, included projected public matching funds, from around 18,000 donors citywide, his campaign said.
“This is a testament to the momentum behind us and the magnitude of our people-powered movement,” Mamdani said in a statement. “While Andrew Cuomo is borrowing Trump’s rolodex and calling up his donors, we are fueled by working New Yorkers who are tired of disgraced politicians too corrupt to care about their wallets and their safety.”
The city’s Campaign Finance Program places spending limits on mayoral candidates who opt in, capping this year’s primary expenditures at $8 million.
The program offers public matching funds, providing candidates with $8 for every $1 donated by New York City residents, up to the first $250 of a contribution. The goal of the spending rules is to reduce the influence of large donors.
All Democratic and Republican mayoral candidates are enrolled in the program, but not every candidate has qualified for matching funds. Mayor Eric Adams, meanwhile, was determined to be ineligible to receive matching funds back in December because of his federal indictment.
With the fundraising cap reached, Mamdani said his campaign will now focus on mobilizing voters ahead of the June primary, calling it “the largest volunteer operation this city has ever seen.”