"A group of wealthy New York businessmen have in the past few days pumped more than $3 million into newly-formed super PACs that aim to stop mayoral front-runner Zohran Mamdani as the prospect of the democratic socialist running City Hall looks increasingly likely, new filings reveal. The last ditch spending blitz comes as the Democratic nominee continues to dominate the mayoral race, with polls showing him holding a double digit lead over his closest competitor, independent candidate Andrew Cuomo."
"The spending spree comes as early voting in the Nov. 4 election is set to start this Saturday. It marks the latest sign that the city's business communities are increasingly anxious about Mamdani, who has vowed to as mayor increase taxes on millionaires and corporations in order to underwrite an affordability agenda that includes a dramatic expansion of free childcare."
Wealthy New York businessmen recently contributed more than $3.264 million to three newly formed super PACs aimed at defeating mayoral front-runner Zohran Mamdani. The funds were funneled through a corporate entity called Put NYC First, Inc., and included a $2 million donation to For Our City and just over $1 million to Stop the Socialists, plus about $255,000 to Good Growth NYC. One PAC placed a $1.5 million media buy expected to target Mamdani. The spending surge coincides with the start of early voting and growing business community concern over Mamdani’s proposals to raise taxes on millionaires and corporations to expand free childcare.
Read at New York Daily News
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