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NYC mayor’s race fundraising stats show Ray McGuire awash in cash

New York Daily News logo New York Daily News 1/13/2021 Michael Gartland , Shant Shahrigian

Former Citigroup exec Ray McGuire has raked in a hefty $5 million in campaign contributions since launching his mayoral run just weeks ago, solidifying him as a force to be reckoned with in the race.

McGuire’s campaign released the new numbers Wednesday, along with several other contenders.

a man wearing a suit and tie: Raymond J. McGuire is a powerful Wall Street executive who made a splash on the mayoral field after announcing his candidacy with a video narrated by director Spike Lee. The Harvard-educated Citigroup exec has so far raised more money for his campaign than any other candidate. © Provided by New York Daily News Raymond J. McGuire is a powerful Wall Street executive who made a splash on the mayoral field after announcing his candidacy with a video narrated by director Spike Lee. The Harvard-educated Citigroup exec has so far raised more money for his campaign than any other candidate.

Raymond J. McGuire is a powerful Wall Street executive who made a splash on the mayoral field after announcing his candidacy with a video narrated by director Spike Lee. The Harvard-educated Citigroup exec has so far raised more money for his campaign than any other candidate. (Frederick M. Brown/)

The former banker is the preferred choice among many of the city’s business leaders, but he came under fire from progressives earlier this week after the Daily News reported his past ties to the conservative Koch brothers.

His campaign also revealed Wednesday that the average contribution to his campaign came in at about $1,100.

The latest fundraising numbers from him and other contenders began to trickle out Wednesday as candidates looked forward to the next campaign finance filing deadline on Friday.

Among the top fundraisers are city Comptroller Scott Stringer, whose campaign reported raising a total of $8.3 million, and Brooklyn Borough President Eric Adams, who’s campaign projects raising nearly $8 million once matching funds are accounted for.

Stringer’s total is also dependent on matching fund projections. His campaign said Wednesday it expects to receive $1.57 millions in matching cash when funds are released in mid-February.


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Contender Maya Wiley, who served as a top legal advisor to Mayor de Blasio, reported Wednesday that her campaign has raised enough qualifying donations to participate in the city’s matching funds program, which will be vital to making her campaign viable.

Maya Wiley smiling for the camera: Maya Wiley, a civil rights lawyer and New School professor who once served as counsel to Bill de Blasio. © Provided by New York Daily News Maya Wiley, a civil rights lawyer and New School professor who once served as counsel to Bill de Blasio.

Maya Wiley, a civil rights lawyer and New School professor who once served as counsel to Bill de Blasio. (Jeenah Moon/)

Wiley has so far raised $715,000 from 7,000 donors, with at least $280,000 of that qualifying as match-eligible. That would bring her to a total of about $3 million.

The city Campaign Finance Board must still review donations for match eligibility, though, and will disperse the next round of matching cash on Feb. 16.

“It’s only been three months since we started this historic journey together when I launched my campaign,” Wiley said in a video Wednesday. “And it has been an amazing one.”

Shaun Donovan wearing a suit and tie: Shaun Donovan speaks during a virtual announcement of his candidacy for the 2021 New York City mayoral campaign, Tuesday Dec. 8, 2020, from the rooftop of the Via Verde residences in the Bronx, New York. © Provided by New York Daily News Shaun Donovan speaks during a virtual announcement of his candidacy for the 2021 New York City mayoral campaign, Tuesday Dec. 8, 2020, from the rooftop of the Via Verde residences in the Bronx, New York.

Shaun Donovan speaks during a virtual announcement of his candidacy for the 2021 New York City mayoral campaign, Tuesday Dec. 8, 2020, from the rooftop of the Via Verde residences in the Bronx, New York. (Bebeto Matthews/)

Former HUD Secretary Shaun Donovan reported raising more than $2.6 million total with $950,000 of that coming within the recent filing period. According to his campaign, it is the “highest amount raised in a single filing period” among competitors in the matching funds program.

Donovan’s campaign said it expects to bring in an additional $1 million in matching funds as a result of the latest round of donations.

“I am humbled and proud of the diverse network we are building across the city, state and country,” Donovan said in a written statement.

Kathryn Garcia, de Blasio’s former Sanitation Department commissioner, reported raising $300,000 over the last three months from more than 1,500 donors. And while that number is lower than many of her opponents, she also won an endorsement from a fifth labor union Wednesday, Teamsters Local 813.

More than 70% of her contributions came from Brooklyn, Queens, the Bronx and Staten Island, her campaign noted in a statement.

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