Updating Public Campaign Finance Code (FIR)

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FISCAL IMPACT REPORT
General Information:
(Check) Bill: X Resolution:
Short Title(s): Update Public Campaign Finance Code
Sponsor(s): Councilor Alma Castro
Reviewing Department(s): City Clerk’s Office
Staff Completing FIR: _Geralyn Cardenas, City Clerk_____________Date: 6/30/2026
Phone: 505-955-6519
Reviewed by City Attorney: Date:
Reviewed by Finance Director: Date:
Summary:
The proposed bill would amend Chapter 9-3 of the City of Santa Fe’s Public Campaign Finance Code to
increase the amount of public financing available to candidates for municipal office. Specifically, the bill
would increase the annual appropriation to the Public Campaign Finance Fund from one hundred fifty
thousand dollars ($150,000.00) to three hundred thousand dollars ($300,000.00). It would also increase
public financing for candidates in contested races, raising the amount available to mayoral candidates from
sixty thousand dollars ($60,000.00) to one hundred twenty thousand dollars ($120,000.00) and to city
councilor and municipal judge candidates from fifteen thousand dollars ($15,000.00) to thirty thousand
dollars ($30,000.00). In addition, the bill would repeal Section 9-3.12, “Qualified Small Contributions,”
and Section 9-3.13, “Additional Reports of Qualified Small Contributions; Additional Matching Payments
From the Fund”.
Departments Affected:
City Clerk’s Office.
Consequences of Not Enacting Legislation:
If this legislation is not adopted, public campaign financing amounts and the annual appropriation to the
Public Campaign Fund will remain at current levels. The existing qualified small contributions and
matching payment provisions will also remain in effect.
Conflict, Duplication, Companionship, or Relationship to Other Legislation:
None
Performance and Administrative Implications:
Approval of this Bill will relieve City Clerk staff from having to schedule and meet with candidates for
financial reporting once we offer candidates the ability to submit their finance reports online.
FIR No. 10762.1Marcos Martinez (Jul 7, 2026 16:22:54 MDT)
Marcos Martinez07/07/202607/09/2026

Adopted: 01/12/05; revised 8/24/05; 4/17/08; 2
Fiscal Implications:
This Bill will require an increase to the annual appropriation to the Public Campaign Finance Fund by one
hundred fifty thousand dollars ($150,000.00) to three hundred thousand dollars ($300,000.00).
Fiscal Impact
Check here if no fiscal impact

Expenditures
* This includes all staff time associated with executing the job functions of the proposed legislation.
Expenditure Narrative:
Revenue
Revenue Type FYE __ FYE __ FYE __ Recurring (R) or Non-recurring (NR) Fund
General Fund $ $______ $
Special Revenue $ $ $
CIP $ $ $
Enterprise $ $ $
Internal Service $ $ $
Trust and Agency
Federal
$
$
$
$
$
$
Other $ $ $
Total $ $ $
Revenue Narrative:
This Bill will require an increase to the annual appropriation to the Public Campaign Finance Fund by one hundred fifty thousand dollars ($150,000.00) to three
hundred thousand dollars ($300,000.00).
Expenditure
Type
FYE __ FYE __ FYE __ Require BAR
(Y/N)
Recurring (R) or Non-
recurring (NR)
Fund 3-Year Total
Cost
Personnel and
Benefits*
$ $ $
Capital Outlay $ $ $
Contractual/
Professional Services
$ $ $
Operating $ $ $ $
Total: $ $ $ $

Signature:Email:gfcardenas@santafenm.gov