More than $100m spent on NYC mayoral race so far: records

It’s the $100 million race.

The Big Apple’s mayoral hopefuls and the independent groups that supported them have spent more than $105 million combined on their bids to move into Gracie Mansion, campaign finance figures posted overnight show.

And taxpayers were on the hook for $40 million of the money spent in the race so far thanks to the city’s generous public financing system, the tallies from the city Campaign Finance Board show.

Candidates who accepted the public support also agreed to limit their spending to $10.9 million in the primary and $7.3 million in the general election, restrictions that seven of the eight major Democratic Party primary candidates accepted.

Former Wall Street executive Ray McGuire — who opted out of public financing — ended the race as its biggest spender as his campaign spent $11.7 million — after loaning himself $2 million.

The race’s victor, Brooklyn Borough President Eric Adams, spent the second-most — maxing out the spending limit with $10.9 million in expenditures over the course of the six-month primary.

He was closely trailed by Andrew Yang, the one-time presidential candidate whose high-flying campaign spent $10.2 million on its way to a disappointing fourth-place finish in the primary.

Mayoral candidate Ray McGuire shelled out $11.7 million in his attempt for City Hall.
Mayoral candidate Ray McGuire shelled out $11.7 million in his attempt for City Hall.
Christopher Sadowski

City Comptroller Scott Stringer was the only other candidate to near the $10 million mark. He finished in fifth place after his mayoral bid was hit with two sets of sexual misconduct allegations, which he denied.

Former Sanitation Commissioner Kathryn Garcia, who finished a close second, spent $8.3 million on her run — much of it in the closing weeks of the race after she scored the endorsement of The New York Times and rocketed into contention.

Meanwhile, Maya Wiley, the former top aide to Mayor de Blasio, reported spending $8.4 million over the course of her run. Her campaign finished the race more than $800,000 in the red, according to her filings.

Overall, nearly a third of the millions that flooded into the race — $31.4 million — was spent by independent groups that either supported or opposed mayoral candidates in the primary election.

Those organizations were frequently bankrolled by wealthy executives or powerful labor unions and can accept unlimited contributions, however they are barred from coordinating with any politician’s campaign.

The biggest group backing Eric Adams, Strong Leadership NYC, spent nearly $6.3 million on his behalf — almost all of the $6.9 million it raised.

Runner-up Kathryn Garcia exhausted $8.3 million in her tight campaign against eventual winner Eric Adams.
Runner-up Kathryn Garcia exhausted $8.3 million in her tight campaign against eventual winner Eric Adams.
James Messerschmidt

It’s list of donors included top names in the powerful world of finance, including $1.5 million from Mets owner Steve Cohen.

The biggest of the independent groups was ‘New Start NYC’, which raised and spent $6.5 million to boost the candidacy of Shaun Donovan — and was almost entirely underwritten by Michael Donovan, the candidate’s father.

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