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By Andrew Stanton
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New York City Mayor Eric Adams raised just over $36,000 in the first three months of 2025, 42 times less than former Governor Andrew Cuomo raised in the same time period, according to new financial disclosures.
Newsweek reached out to Adams' campaign for comment via email.
Why It Matters
Adams, who was elected in 2021, is up for reelection this year. But his campaign is facing challenges on multiple fronts following floundering poll numbers, criticism over his ties to President Donald Trump and new fundraising woes.
Read More on Politics
He has drawn several primary challengers, both progressive and moderate.
The race has national implications, as whoever becomes mayor will likely take on a national status as the leader of the nation's largest city. It's also a key test for Democrats as they aim to rebound from their 2024 electoral losses and win back support from voters who shifted toward Republicans in last year's election, like Hispanic, Asian American and young voters.
In 2024, New York City drifted toward Republicans, but it still remains a liberal bastion, and whoever wins the Democratic mayoral primary will be a clear favorite in the general election.
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What To Know
Adams raised a total of $36,121 from January 12 to March 13, according to data from the New York City Campaign Finance Board. He also returned $21,450 in refunds and had $4,295 in outstanding advances, giving him $18,967 in total net contributions.
Adams was hit with bribery and wire fraud charges last year, though he pleaded not guilty to all counts. The Department of Justice ordered all charges against him to be dropped in February, just weeks after Trump returned to office.
Despite lagging fundraising, Adams is estimated to have $3,024,171 on hand because of earlier contributions, according to the board.
Other candidates, however, outraised him significantly during the first three months of 2025.
Cuomo, whom polls show as an early favorite, raised 42 times more than Adams—a total of $1,537,194 in the same time period.
Zohran Mamdani, a progressive favorite in the race, raised $844,914 this year. Comptroller Brad Lander raised $233,242, while former Comptroller Scott Stringer raised $191,662.
State Senators Zellnor Myrie and Jessica Ramos raised $137,559 and $69,989, respectively, for their mayoral bids.
New York City Council Speaker Adrienne Adams, who announced her bid earlier in March, raised $126,033, while investor Whitney Tilson raised $309,961.
Recent polls show Adams' support is dropping.
A Quinnipiac University poll, which surveyed 1,260 registered voters from February 27 to March 3, showed that 31 percent of respondents said they intend to vote for Cuomo in the primary. Adams placed second with just 11 percent support.
Eight percent of respondents said they are going to back Mamdani, 7 percent for Public Advocate Jumaane Williams if he chooses to run, 6 percent for Stringer, 5 percent for Lander and 4 percent for Ramos.
Cuomo resigned as governor in 2021 after a report from Attorney General Letitia James' office alleged that he sexually harassed multiple female employees and created a toxic working environment, allegations Cuomo has denied.
What People Are Saying
New York Daily News reporter Chris Sommerfeldt on X, formerly Twitter: "Mayor Adams raised just $36,121 in private donations in the most recent reporting period, new filings show (and what he actually netted was less than $19,000 as he issued lots of refunds, too). That's the worst haul out of all major candidates in the Dem mayoral primary."
New York City Mayor Eric Adams to reporters, about whether he will run as an independent (per Politico): "When I'm ready to...do my official re-announcement and my plan, I will do so. And I will make sure all of you are invited."
What Happens Next
New York's primary is on June 24, when voters will pick the nominees for November's general election.
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