National: With Elections Awash in Cash, There’s Plenty of Blame to Go Around | NYTimes.com
David Axelrod, President Obama’s political strategist, recently invoked a common perception about the 2012 campaign by blaming the Supreme Court for empowering 21st-century “robber barons trying to take over the government.” But that explanation does not account for another development that probably has been just as influential as the court’s Citizens United decision in creating the flood of money into the election: the demise of the public financing system for elections, hastened by Mr. Obama’s decision four years ago to abandon it. So far, Mr. Obama, Mitt Romney and their respective parties have raised more than $1.2 billion — five times the amount raised by all “super PACs” combined — as they race frenetically for the cash they need to pay for television advertising, sophisticated technology and old-fashioned get-out-the-vote efforts. Nor is there any reason to expect a slowdown. Neither Mr. Obama nor Mr. Romney plans to take the $92 million per candidate on offer from public financing for this general election season, and combined they have raised less than $10 million for spending on the general election, according to the Center for Responsive Politics. More than 95 percent of their receipts so far are for use only through the late-summer nominating conventions, meaning they still have far to go to fill their general election bank accounts. Read More
Blogs: Dollars and Sense: Election Policy Decisions Cost New York City, North Carolina Big Bucks | Election Academy
I talk a lot about election costs on this blog … and when I do, I’m usually discussing how states and localities are finding ways to spend less on elections in order to make their budgets work. Recently, however, we’ve seen two stories that involve funding challenges for election offices, both involving a a twist that has an impact on election administrators’ bottom lines. One story is already familiar if you’ve been following this blog. Last week, New York City’s Independent Budget Office (IBO) released a report estimating the cost of a Citywide election in 2012 at approximately $23 million per election. As the report notes, that figure is particularly significant because it represents the extra funds required for a fourth election made necessary by the legislature’s failure to harmonize the election calendar in the wake of a federal court order. Read More