If term limits are extended, the convention wisdom is that incumbents City Council members are basically shoo-ins for their current seats, in no small part because they’ve raised tons of money campaigning for higher offices already.

But they’ve also spent lots of money. Too much, perhaps.

Some City Council members have raised and spent money with eye towards a borough-wide or citywide races, but they then turn around and run for their old seats, the contribution and spending limits are much lower.

For a City Council race, the spending limit is $322,000 ($161,000 for the primary and $161,000 for the general election).

According to the Campaign Finance Board, Christine Quinn’s campaign spent $285,535.  read more »

City Councilwoman and comptroller candidate Melinda Katz has a message for member of Congress who voted against the federal bailout bill. From her public statement:

"Our economy is dependent upon available capital and liquidity. If folks are unable to borrow, they can't expand businesses, make payrolls, buy homes or educate their children. I hope that those who voted against the plan have something better in mind and quick."

The city comptroller's race continues to shrink as Assemblyman Jim Brennan just announced he's out of the race. 

Brennan, who's from Brooklyn, dropping off the ticket is a boon to City Councilman David Yassky, also from Brooklyn.

Another Brooklyn candidate, Simcha Felder, dropped out in June. That leaves Yassky competing most intensely for votes in Queens, where City Council members Melinda Katz and David Weprin are from. Another candidate, Adolfo Carrion, is from the Bronx.

Of course, there's still plenty of time for someone else to jump into the race.  Here's Brennan's email:   

State Assembly member Jim Brennan (D.W-F, Bklyn) will not seek the office of the Comptroller of the City of New York in 2009.

 read more »

John Crotty, who was the executive vice president of the city's Housing Development Corporation before he left to head up the affordable-housing finance division of J.P. Morgan, has signed on as an unpaid adviser to City Councilwoman Melinda Katz’s comptroller campaign.

“He is a well-respected voice in City politics and will be an invaluable asset as a policy adviser on finance issues – most specifically in utilizing the Comptroller’s position to expand affordable housing for New Yorkers,” Katz told me in a statement.

Crotty’s work in the field of affordable housing could help Katz defend against criticism that she's too closely tied to real estate interests.

In an appearance last night on the Perez Notes radio show, Council finance committee chair (and comptroller candidate) David Weprin discussed David Paterson's speech on the budget, congestion pricing and development in the city.

Perez also brought up the Council slush fund incident, which Weprin was quick to characterize as a minor blip in the face of a roughly $60 billion budget.

“I’m not proud of these scandals or these misappropriations of some small amount of money in a very large budget, but in the end I think the process is stronger for it, and we’re all better off for all the scrutiny that came out of this,” he said.  read more »

Pollster Joel Benenson, who is currently working for Barack Obama, confirmed he’s set to work on at least two citywide races next year.

In a brief interview this morning, Benenson said he’ll be crunching numbers for Anthony Weiner--who has all but announced formally he’s running for mayor--and David Yassky, who is running for comptroller.

Benenson was Weiner’s pollster for his 2005 mayoral race and worked for Yassky during his 2006 congressional race. Interestingly, one of Yassky’s main opponents in the comptroller’s race, Melinda Katz, has hired Hillary Clinton pollster Geoff Garin.

Also worth noting about Benenson: back in 2003, he, along with Howard Wolfson, conducted a poll that helped brand Michael Bloomberg as an out-of-touch billionaire.

A keen-eyed reader pointed out the similarities between City Council member Melinda Katz's comptroller campaign logo, and the logo of Representative Anthony Weiner's campaign-like web site, Keys to the City. (Weiner is expected to run for mayor).

Neither has held citywide office before.

Campaign finance filings for the city comptroller race show candidates getting ready for what looks like it will be one of the more competitive 2009 races. (The latest filing period is January 12 to July 11, 2008.)

According to a search of donations for those candidates between those dates:

David Yassky--$463,575

David Weprin--$334,499

Melinda Katz--$206,154

Jim Brennan--$84,577

Adolfo Carrion’s campaign finance numbers are not posted yet on the Campaign Finance Board’s Web site, but his campaign spokeswoman said he raised $600,000 this filing period.

Melinda Katz's numbers are lower than expected, but then she did just have a baby.

UPDATE: Here are the contribution numbers for the comptroller candidates:

Adolfo Carrion: $570,052
David Yassky: $452,075.00
David Weprin: $316,899.00
Melinda Katz: $192,938.00
Jim Brennan: $83,677.00

(These numbers take into account any refunded donations the candidates dealt with.)

Since campaign finance numbers for city candidates are due tomorrow, a few have begun releasing them, including two candidates in the competitive comptroller's race, David Yassky and Jim Brennan.

Yassky’s campaign said they raised almost $500,000 this period, from a total of 600 donors, bringing his cash-on-hand total to $1.25 million.

Jim Brennan’s campaign spokeswoman said he raised $104,000 this filing period, bringing his total raised to $507,000. The spokeswoman, Jill Harris, also said the campaign is eligible to receive more than $750,000 in matching funds.

Numbers for the other comptroller candidates--Melinda Katz, Adolfo Carrion and David Weprin--were not immediately available.

UPDATE: Weprin told me he raised $336,000 this filing period, bringing his cash on hand total to $1.7 million.

City comptroller candidate Melinda Katz picked up another early union endorsement this morning--this one from the Sheet Metal Workers Local Union 28.

In a public statement, Katz said, "I take great pride in the fact that I have been able to marshal support so early in this campaign." The head of the union, Michael Belluzzi, said his members "need leaders who are not afraid to stand up to special interest groups."