Overview
Established as part of the FY 2020 Enacted Budget, the Public Finance Reform Commission will have the binding power to implement public campaign financing for legislative and statewide offices, authorizing up to $100 million annually in public funds. The commission will determine specific aspects of the public financing system, including eligibility thresholds, public financing limits and contribution limits for participating candidates. The commission's findings will be due in a report by December 1, 2019 and will be binding unless modified by law within 20 days.
Commission Members
The commission is composed of 9 members: Two appointed by the Governor; two appointed by the Senate; two appointed by the Assembly; one at large seat jointly selected by the Governor, the Assembly Speaker and the Majority Leader; and one appointee each for the two minority leaders.