Public campaign financing is on the defensive. It is widely expected that the U.S. Supreme Court will strike down an Arizona statute that triggers additional public funding for candidates based on their non-publicly financed opponent’s spending levels.1 Should this come to pass, state and local governments will find they have fewer tools for crafting public financing programs that are both effective and cost-effective.
Attention to cost is critically important because public financing laws will ultimately prove unacceptable to the public if not designed and administered to be cost-effective. Remove curbs on cost, and public support for such reforms invariably withers.
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