A candidate who is eligible to receive payments from the Campaign Reform Fund shall receive payments on the basis of the following formula:
A. Subject to the limit set forth in subsection B of this section, one dollar of public matching funds for each dollar received and deposited of the first two hundred fifty dollars ($250.00) or less contributed by a contributor and provided further that the contribution is received within that period of time beginning on the 1st of January preceding the date of the primary election and running through to the end of that primary election period, or that period of time beginning on the first day of the general election period and running through to the end of that general election period, or that period of time beginning eighty-eight (88) days prior to the date of a special election and running through to the end of that special election period.
B. Maximum Match. The total amount of public funds paid to a candidate shall not exceed: (1) thirty-five thousand two hundred dollars ($35,200.00) per election period per candidate for the office of city council member; and (2) one hundred seventeen thousand dollars ($117,000.00) per election period per candidate for the office of mayor. It is the intent of this section to provide a city match of two hundred fifty dollars ($250.00) even though the total contribution or contributions from a single source exceeds two hundred fifty dollars ($250.00). It is the further intent of this section that matching funds shall not be paid during the primary election period for contributions made earlier than the 1st of January preceding the date of the primary election; that matching funds shall not be paid during the general election period for contributions made prior to the first day of the general election period; and that matching funds shall not be paid during a special election period for contributions made earlier than eighty-eight (88) days prior to the date of the special election. (Ord. 2009-020 § 7; Ord. 2007-015 § 8; Ord. 2005-071 § 6; Ord. 2003-046 § 1)