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