NY A02161

Reduces statewide contribution limits from $18,000 to $18,000 divided equally between primary and general elections, with a new maximum of $2,800 for other elections (subject to cost-of-living adjustments).

Changes cost-of-living adjustment calculations from every four years to every two years, beginning in 2024 instead of 1995.

Sets contribution limits for New York City elections (mayor, public advocate, comptroller, borough president, and city council) to match the limits in NYC Administrative Code section 3-703.

Maintains state senator contribution limits at $10,000 and assembly member limits at $6,000, divided equally between primary and general elections.

Reduces party and constituted committee contribution limits from $62,500 to $25,000 per annum and adds a $25,000 annual limit on contributions to party committees for maintaining headquarters and staff.