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17 Rec. 1 (1991)

handle is hein.usfed/fecrecd0017 and id is 1 raw text is: January 1991 FEDERAL ELECTION COMMISSION RECORD 999 E Street NW Washington DC 20463 ' - PUBLIC FUNDING SHORTFALL IN PRESIDENITIAL CAMPAIGN FUND: 1992 In its meeting of November 29, 1990, the Commission considered revised Presi- dential Election Campaign Fund projections for the 1992 election cycle. The latest projections show that the Fund's deficit could reach $6 million by the end of the 1992 election year. However, in the first three months of 1992-a critical time for campaigns-primary candidates could be short-changed approximately $15 million, depending on how the U.S. Department of Treasury handles disbursements from the Fund. The overall projected cost for the 1992 primary candidates, conventions and general election candidates is $187 million. These projections are based on information available as of November 25, ALLCATION TRAINING FOR PARTY COMMITTEES During January through March, the Commission will be conducting training sessions for party commit- tees on the new allocation rules. Committee staff wishing to attend one of the training sessions listed below should call the Information Services Division, 800/424-9530 or 202/376-3120, and ask for the contact person. New York, NY, January 22-23 Kathlene Martin Boston, MA, January 24 Patricia Klein Denver, 00, February 7 Dorothy Hutcheon Des Moines, IA, February 20 Ian Stirton Austin, 7X, March 5 Greg Scott Columbus, on, March 19-20 (tentative) Janet Hess 1990. (See Agenda Document #90-110 for further details, including the assumptions used in developing the current estimates and possible revisions to the matching fund certification process should a shortfall occur.) The new information suggests that the volume of dollars checked off by taxpayers on their 1990 returns has remained about the same as in the previous year. Never- theless, it appears that a shortfall of public funds will occur in the 1992 Presi- dential election cycle unless Congress intervenes. Due to changing economic conditions, the Consumer Price Index has increased more than originally expected. Because payments from the Fund are indexed to inflation while the one-dollar tax checkoff is not, the recent jump in infla- tion has caused the Commission to project a larger shortfall for the 1992 elections than previously estimated. Matching Fund Payments Under the public funding law, if there is insufficient money in the Fund to cover all entitlements, the conventions and the general election nominees receive priority over primary candidates. In the event of a 1992 shortfall, the Department of the (continued) TABLE OF TENTS 1 PUBLIC FUNDING: 1992 Shortfall 3 REPORTING: Reports Due in 1991 REGULATIONS 6 Proposed Changes to Public Funding Rules COURT CASES 7 Common Cause v. FEC, NRSC Appellant 7 COMISSICNERS: 1991 Officers Elected 8 ADVISORY OPINIONS 10 COMPLIANCE: MURs Released to the Public

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