New Jersey: test of public financing to be run in 3 districts
AP reports: New Jersey will offer taxpayer cash to Assembly and Senate candidates in three districts this year in an effort to remove special-interest money from campaigns under a measure signed into law Wednesday by Gov. Jon S. Corzine.
Supporters hope the law will push New Jersey closer to having a statewide publicly funded campaign program, as Arizona, Connecticut and Maine have done. ...
Under the bill, candidates for the Assembly and Senate in three districts would be eligible for public campaign financing by first raising $10,000 in seed money _ all donations coming from individuals in amounts of $500 or less.
Candidates would then be required to collect only donations of $10. Upon collecting 400 donations, candidates would get $50,000 for campaign expenses, while collecting 800 donations would earn them $100,000. -- Corzine approves campaign finance reform - Newsday.com