Eric Adams Denies $3.4M Matching Funds Amid Misconduct Probe

Mayor Eric Adams Denied Public Funds Ahead of Re-election Campaign

Mayor Eric Adams was recently denied millions in public matching funds, a setback during his efforts to secure a second term as an independent candidate. The Campaign Finance Board declined to grant $3.4 million, citing the campaign’s failure to submit required documents amidst an ongoing investigation into alleged misconduct from his previous campaign.

“The investigation is still active,” stated board chair Frederick Schaffer, highlighting that several essential documents remain outstanding. Despite celebrations from Adams’ team over a legal ruling they believed would accelerate funding, the board clarified that the campaign has yet to meet all compliance requirements.

Mayor Adams speaks at an event on July 14, 2025.
Adams discusses plans to keep city services operational during summer.

Adams’ campaign was initially rejected last December due to delayed requests for documentation and suspicions of wrongdoing in his 2021 campaign. The recent court ruling, which dismissed the indictment against Adams, was considered by some to support his case for continued public funding. However, the board indicated that non-cooperation and incomplete disclosures could justify denial, regardless of the legal outcome.

NYC Campaign Finance Board meeting.
Adams filed a lawsuit against the Campaign Finance Board after the denial of funds.

Supporters within Adams’ team expressed optimism, asserting that all paperwork was in order and expecting the funds to be approved soon. Campaign chair Frank Carone reaffirmed confidence that Adams would receive the matching money needed to finance his campaign efforts. Adams is running as an independent against frontrunner Zohran Mamdani, a Socialist candidate recognized for securing the most primary votes.

In addition to Adams, other candidates like former Governor Andrew Cuomo and GOP nominee Curtis Sliwa faced funding issues, with Cuomo’s campaign citing insufficient activity. Meanwhile, Mamdani was approved for nearly $1.1 million, and independent Jim Walden received over $135,000 to support his run.