Wednesday, May 16, 2012
Cuomo rolling in real estate dough
From the NY Times:
A new group backing Gov. Andrew M. Cuomo raised more than $12 million from just 20 donors last year, helping it rapidly become the largest-spending advocacy organization in Albany politics, according to documents released by the group late Friday.
The group, called the Committee to Save New York, was founded at the urging of Mr. Cuomo, a Democrat, and spent millions of dollars supporting the governor’s agenda during his first 18 months in office, financing barrages of television and radio advertising that neutralized the well-financed labor unions that have usually dominated the Capitol.
On Friday, the committee released tax returns detailing its spending and membership. Upon request from The New York Times and other news organizations, a spokesman for the committee provided forms detailing contributions to the group in 2011.
Because the committee, organized as a 501(c)4 nonprofit organization, is permitted by law to redact the identities and addresses of its donors, it is not clear exactly which individuals, companies or other nonprofit organizations provided the group’s money. But an examination of the filing reveals that of the roughly $17 million raised, more than two-thirds came from donors giving $250,000 or more, far in excess of the $60,800 that New York law permits individuals to give directly to candidates.