Democrat for governor Johnson qualifies for public funds

New Jersey Democratic candidate for governor Jim Johnson says he reached the $430,000 threshold to qualify for public matching funds.

Johnson, who served as a Treasury Department undersecretary in the Clinton administration, is among a handful of candidates competing to succeed Republican Gov. Chris Christie.

Meeting the threshold means Johnson can get $2 in public cash for every $1 raised. There’s a cap of $4 million and spending for candidates getting public money is limited to $6.4 million in the primary.

New Jersey’s public matching funds are financed through donations made on the state’s income tax forms and through the general fund.

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Election Law Enforcement Commission executive director Jeff Brindle says most gubernatorial candidates going back four decades have taken public funds.

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