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Political consultants cash in on election 'gold mine'; Mayoral candidates shelled out $40 million to boost their profile during first ranked-choice primary

Jul 26, 2021 - Crain's New York Business

New York's political consultants cashed in like never before during this year's election cycle, turning ranked-choice voting and the city's reformed public financing system into a multimillion-dollar bonanza.

Mayoral candidates paid their hired guns more than $40 million during the primary season as the city's matching funds program pumped roughly $109 million into Big Apple campaigns, a Crain's New York Business review of public finance data shows.

Of that, about $39 million went to...