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Takoma Park campaign finance rules: $1,000 contribution cap, in-kind rules and prohibited donors
Summary
Board of Elections members told candidates Takoma Park has a $1,000 aggregate contribution limit per person, requires reporting of in-kind contributions, forbids corporate and anonymous donations, and allows candidates to loan unlimited personal funds but requires reporting of favorable loans that may be treated as contributions.
Matt Link of the Board of Elections walked candidates through the practical rules for raising and spending in Takoma Park, starting with the aggregate contribution limit: "In Takoma Park, we have a $1,000 contribution limit," he said, and emphasized that candidates must track donors' cumulative giving across the cycle.
He described in-kind contributions (goods or services donated free or below market rate) and the need to report their fair-market value, gave examples (a caterer providing a free event), and warned that favorable or interest-free loans may be treated as contributions depending on terms. Matt also said corporations, businesses and labor unions may not contribute and advised returning or reporting anonymous cash donations.
