But the program could be altered, he said, “so it maintains the fundamental elements of public financing,” which include making candidates less beholden to contributors and helping to level the playing field for candidates facing better-financed opponents.

The proposal, which passed through the Rules Committee on Monday with no recommendation, will be considered by the full board today. It calls for capping the amount of public money an eligible candidate can receive at $900,000. Period.

The current allocation of public funds now stands at up to $900,000 per eligible mayoral candidate – with a big caveat: Candidates participating in the public financing program can go above the ceiling if spending by their opponents’ campaigns or independent expenditure campaigns exceeds the cap. That no longer would be allowed under the proposed change.

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/09/19/BALR1L6J1A.DTL#ixzz1YV2qFodL

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