Andrew Yang — the tech entrepreneur who rose to prominence in 2020 as a Democratic presidential candidate — filed paperwork Wednesday to begin raising money for a mayoral campaign in New York City.
The filing with the city’s Campaign Finance Board comes just a day after Yang sat down in Harlem with the Rev. Al Sharpton, one of the city’s most influential African-American political activists.
The paperwork with the CFB shows that Yang has decided to opt into the city’s public financing system for his run, which provides up to $8 dollars in funding for every dollar that he raises privately.
However, in order to accept the city financing he also agreed to cap his spending at $7.3 million dollars for the 2021 Democratic primary.
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