Campaign Finance Board explores expanding investigative powers for real-time audits

The Finance, Higher Education, and Government Operations Committee of New York City convened on May 15, 2025, for a critical hearing focused on the Fiscal Year 2026 Executive Budget. The meeting primarily addressed the operations and oversight of the Campaign Finance Board (CFB) and the City University of New York (CUNY) budget.

The session began with Director Ryan emphasizing the importance of broad subpoena powers for the CFB, which are essential for investigating campaign activities effectively. A significant point raised was the need for the CFB to adopt more proactive investigative approaches during election cycles rather than relying solely on post-election audits. This shift aims to ensure timely accountability and transparency in campaign financing.

Director Ryan outlined plans to enhance the CFB's investigative capabilities, including the hiring of a first deputy to lead assessments of current processes. He noted that the agency would expand its investigations operation, aiming to address issues more swiftly and efficiently. A notable change in practice was announced: the CFB will now issue initial document requests immediately after the June primary for candidates not advancing to the general election, a departure from the previous practice of waiting until after the November elections.

Concerns were raised regarding the transparency of investigations, particularly in light of ongoing fundraising activities by a leading mayoral candidate. Questions were posed about the CFB's ability to ensure that funds raised through lobbyists do not improperly influence taxpayer funding. The need for public confidence in the CFB's investigations was highlighted, with calls for clearer communication about the findings and accountability measures in place.

The meeting concluded with a brief recess before transitioning to discussions on the CUNY budget and the Campaign Finance Program (CFP). Overall, the hearing underscored a commitment to improving the CFB's operations while addressing the critical need for transparency and public trust in the electoral process.