Even after his resignation takes effect in less than two weeks, Gov. Andrew Cuomo will still control the largest pot of campaign cash in New York politics, $18 million amassed in apparent preparation for a run at a fourth term next year.
Eliot Spitzer greeted New Yorkers at the 82nd Street train station in Queens on July 23, 2013.
After each official left office, their campaigns reached out to donors and offered to refund contributions. The Schneiderman campaign did so in emails to major donors who contributed large sums in the months before his resignation, according to a person who worked on the effort, and eventually gave back nearly $1.7 million.
Nor can he use the funds to run for federal office or in New York City, where the campaign finance rules are more stringent. When Spitzer attempted a political comeback in 2013, running for New York City comptroller, he relied on family money. “The law is not precise when it comes to the use of excess campaign funds,” said Kenneth A. Gross, an expert in campaign finance law. “How they can be used depends on the facts.”
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