Democratic New York City Mayor Eric Adams was denied over $4 million in matching funds for his re-election campaign by the New York City Campaign Finance Board on Monday.

The Details: The Board cited the federal corruption charges Adams faces and bookkeeping irregularities as reasons. Adams has raised $4.1 million so far ahead of the November 2025 election, and requested $4.5 million from the board. Former city comptroller Scott Stringer was the only mayoral candidate to qualify and will receive more than $2 million in public matching dollars.

For Context: Matching funds are publicly-sourced. In 2021, Adams received over $10 million from the Board, which says it aims to “provide candidates with a strong incentive to finance their campaigns by engaging with average New Yorkers instead of seeking large contributions from special interests.” Earlier this month, Adams vowed to work with President-elect Trump’s incoming administration on migrant crime.

Key Quotes: Board chair Frederick Schaffer said, “After thoroughly reviewing all available information including the details of the indictment of Mayor Adams, the board has determined that there is reason to believe that the Adams campaign has engaged in conduct detrimental to the matching funds program.” Mayor Adams said, "We believe we should get matching funds. I keep saying I did nothing wrong, but if the determination is not made. I'm not going to sit home and say how unfair it is for me."

How the Media Covered It: The New York Post (Lean Right bias) described the Board as “non-partisan” and called the decision to deny a sitting mayor matching funds “rare.” The New York Times (Lean Left bias) noted that Adams’ approval rating “has fallen to a record low” and concluded the denial of funds “places him at a significant disadvantage.”