The New Jersey Election Law Enforcement Commission (ELEC) gave a further $1,434,792 to the two gubernatorial candidates today: $748,548 to Republican nominee Jack Ciattarelli, and $686,244 to Gov Phil Murphy.
ELEC has now distributed more than $15 million to the two candidates, hitting 70% of the total matching funds – $21 million – it can grant. Murphy, who has received $8.8 million, is at 84% of his threshold, while Ciattarelli is only 60% to his threshold at $6.3 million.
The public financing program, which gives candidates $2 for every $1 raised, limits them to a total spending cap of $15.6 million, minus a $156,000 deductible. But independent expenditures, such as spending from state and national party committees, are unconstrained by such rules.