Guadagno reaches threshold to get public campaign funds

 Republican New Jersey Lt. Gov. Kim Guadagno addresses a gathering as she announces her candidacy for governor, Tuesday, Jan. 17, 2017, in Keansburg, N.J. (Mel Evans/AP Photo)

Republican New Jersey Lt. Gov. Kim Guadagno addresses a gathering as she announces her candidacy for governor, Tuesday, Jan. 17, 2017, in Keansburg, N.J. (Mel Evans/AP Photo)

Lt. Gov. Kim Guadagno says she reached the $430,000 threshold needed to qualify for public matching funds as she seeks the Republican gubernatorial nomination.

Guadagno’s campaign made the announcement in an email sent to reporters Wednesday. She’s among a handful of candidates competing to succeed term-limited Republican Gov. Chris Christie.

Another Republican, Assemblyman Jack Ciattarelli, reported in a state filing that he raised about $280,000 in the fourth quarter of 2016.

Meeting the threshold means Guadagno can get $2 in public cash for every $1 she raises. 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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