Gov. Phil Murphy said he was “open-minded” to requiring campaigns to report their finances year-round Monday.
“The notion of having some sort of regular rhythm to it, or cadence to it, strikes me as reasonable,” he said.
Multiple bills that would require campaigns to report their contributions on a rolling basis instead of in bulk quarterly reports have been introduced in the legislature.
A proposal by State Sen. Nicholas Scutari (D-Linden) would require candidates, municipal committees and PACS to disclose donations worth more than $200 and all spending within 72 hours, while a bill introduced by State Sen. Joe Cryan (D-Union) last week would mandate candidates and their committees report all fundraising to the Election Law Enforcement Commission within 48 hours.
Both proposals are in their early stages and do not appear likely to be enacted before the legislature breaks for the summer.
The state’s existing campaign finance rules require candidates to report contributions in bulk in a series of quarterly reports, with additional filings surrounding a given election.
ELEC Executive Director Jeff Brindle last week, speaking generally, said he favored timely reporting, adding the commission might need funds to modify its computer systems to allow for rolling reporting.