McGuire, Yang, Adams keep the cash flowing as mayoral race tightens

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Cash continues to pour into the Democratic mayoral primary as the eight major candidates racked up another $6.9 million in contributions over the last two months, figures filed with the Campaign Finance Board show.

With little independent polling available, the fundraising totals provide a crucial glimpse into how a slew of major newspaper endorsements and the first debate in the Democratic primary have shifted the terrain of the race.

Andrew Yang — the tech entrepreneur and 2020 Democratic Party presidential long shot who turned the race upside down when he got in — reported raising $1.4 million between March 12 and May 17. Slightly more than half the money he raised came from inside New York City, the filings show.

Thanks to the $3.8 million in matching public funds he’s already received from the CFB, Yang’s campaign will enter the closing weeks of the primary race with $2.6 million in the bank.

May 20, 2021: Eric Adams seen at the rally as he received endorsement of UNITE HERE! Local 100 for mayor in front of Yankee Stadium.
Eric Adams comes in right behind Andrew Yang in donations over the most recent time period.
Lev Radin/Sipa USA

Yang has been battling it out in for first place in the polls with Brooklyn Borough President Eric Adams, who raised another $900,000 over the two-month time period. His campaign enters the closing weeks of the primary race with an estimated $6 million in cash, according to an analysis of CFB figures.

Adams campaign spokesman Evan Thies claimed their haul will allow Adams to receive another slug of cash from the city’s generous public matching system, ensuring the resources to max out the city’s spending limits.

CFB rules dictate that candidates who receive public support — like The Post-endorsed Adams and Yang — cannot spend more than $10.9 million during the primary.

Mayoral candidate Kathryn Garcia attending a rally demanding more monney for Foster Care kids.
Mayoral candidate Kathryn Garcia attending a rally demanding more monney for Foster Care kids.
William Farrington

The cap will remain in place unless a candidate who is not in the public matching system raises or spends more than $21.9 million.

The reports, filed Friday, also gave new evidence that former Sanitation Commissioner Kathryn Garcia‘s campaign is continuing to pick up steam after netting the endorsement of The New York Times.

She raised more than $661,000 between March and May — nearly triple the $283,000 she reported during the first two months of the year. Her campaign says that will give her access to another tranche of public money potentially worth $2.5 million.

Mayoral candidate Ray McGuire with "Law and Order: SUV" actress Stephanie March in Times Square to discuss his goals if he were to become mayor of NYC.
Mayoral candidate Ray McGuire with “Law and Order: SUV” actress Stephanie March in Times Square to discuss his goals if he were to become mayor of NYC.
G.N.Miller

In terms of total dollars, former financier Ray McGuire led the field in fundraising from private sources, pulling in $2.4 million over the two-month period, showing that his supporters are willing to continue cutting checks even as his campaign struggles to catch fire in the polls.

The ex-CitiBank executive will enter the closing weeks of the race with $5.3 million in the bank for television ads and other needs as he attempts to fulfill the lofty expectations he launched with at the start of the race.

McGuire is the only major Democratic candidate to have opted out of the public financing system.

Mayoral Candidate Scott Stringer Attends Press Conference On Ethics Reform.
Scott Stringer only netted $269,000 over the period.
RCF/MEGA

City Comptroller Scott Stringer raised just a fraction of what Adams brought in, bringing in $269,000.

Over the two month period covered by the report, Stringer’s mayoral hopes were hit by allegations he sexually harassed a woman who did unpaid work for his failed 2001 bid for public advocate, Jean Kim.

Dianne Morales took in just a little under $300,000.
Dianne Morales took in just a little under $300,000.
Andrew H Walker/Shutterstock

However, Stringer’s campaign pointed out that he raised $50,000 more this reporting cycle than he did during the preceding two month period — but declined to provide the amount of cash they currently have on hand.

The filings show the longtime Manhattan politician was even narrowly outraised by political newbie and lefty favorite, Dianne Morales. She netted $297,000 in donations over the two month period.

Meanwhile, former top de Blasio adviser Maya Wiley and former top Bloomberg official Shaun Donovan virtually tied in fundraising. Donovan, who also served as President Obama’s budget chief, raised $538,000 while Wiley brought in $533,000.

The campaign finance reports largely back the findings of recent polls that show Adams and Yang as the top contenders in the race.

A poll of likely voters in the Democratic primary by the conservative-leaning Manhattan Institute found that Yang would score 19 percent of the first round vote while Adams will net 18 percent — essentially a tie considering the survey’s margin of error of plus-or-minus 4.38 percent.

Shaun Donovan served as Secretary of Housing and Urban Development from 2009-14.
Shaun Donovan served as Secretary of Housing and Urban Development from 2009-14.
Lev Radin/Pacific Press/Shutters

It was the first major independent survey of likely Democratic primary voters since NY1/Ipsos came out in April. It gave Yang a commanding lead with 22 percent of the vote, while Adams had just 13 percent.

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