Public Finance And Public Policy.pdf

Public Finance And Public Policy.pdf

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The purpose of the Campaign Finance and Public Disclosure Board is to provide guidance to the Secretary of the Treasury, through the Bureau of the Public Debt, regarding eligible and ineligible tax-deductible public funding and to determine the eligibility of parties for public funding.

A political party that has been eligible for public funding for at least four elections will be deemed a major party and will be allocated ten percent of the public funding. A party that has not been eligible for public funding for at least four elections will be eligible for public funding if it will, after four years, have received at least five percent of the popular vote.

The program provides $3 for each $100 in the public funding that taxpayers designate to the Fund. The Board certifies to the Secretary of the Treasury that $3 is in the Fund for each dollar of public funding that taxpayers designate to the Fund.

Members of the public wishing to participate in the Board's proceedings may submit written comments to the Board, with a copy to the Board's Executive Director, no later than the close of business on the Monday immediately preceding the Tuesday meeting of the Board.

The Presidential Election Campaign Fund is funded by the Presidential Election Campaign Fund Ad Valorem Tax. The tax rate is 1 percent of the total amount of the assessment base on which the tax is imposed, and the tax is due in an amount equal to 100 percent of the public funding provided.

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