NY A02556

Establishes an $18,000 aggregate contribution limit (divided equally between primary and general elections) for statewide office candidates participating in public campaign financing.

Sets contribution limits for state senate candidates at $10,000 and assembly members at $6,000 (divided equally between primary and general elections) under the public financing system.

Creates a new section (e) establishing contribution limits for local and party positions based on the number of enrolled or registered voters in the candidate's district, multiplied by $.05, with specific floors and caps for New York City mayoral, public advocate, and comptroller races ($4,000-$12,000 for nominations; $25,000 for general elections).

Permits family members (children, parents, grandparents, siblings, and spouses) to contribute amounts calculated as $.25 per enrolled or registered voter in the district, with maximum caps of $20,000 for state senators and $12,500 for assembly members.

Allows statewide, state senate, and assembly candidates to avoid cost-of-living adjustment increases to contribution limits every four years.