From the NY Post:
A city lawmaker is pushing to revamp the campaign-finance system after at least three council candidates who each got less than 10 percent of the ballot spent more per vote than did billionaire Mayor Bloomberg.
Republican Minority Leader James Oddo, of Staten Island, is introducing a bill later this month to double the threshold a council candidate has to meet in order to qualify for taxpayer-backed funds from the Campaign Finance Board.
Using public funds in 2009, three council candidates managed to outspend Bloomberg's self-funded $184-per-vote outlay in 2009:
* Erlene King, who spent $214 per vote and got just over 4 percent.
* Debra Markell, who shelled out $210 per vote for 5.35 percent.
* Ruben Wills -- the winner of a council race the following year -- who spent $257 per vote and won only 9 percent.
Council hopefuls need 75 donations of at least $10 each from donors in their districts and a total of $5,000 citywide in order to qualify for matching donations, which can be as high as six times the original amount.
Oddo's bill would double the figures needed to qualify for the public funds.
The CFB did not reject Oddo's proposal.