Decreases contribution limits

This bill reduces the maximum amount individuals can contribute to candidates running for public office or party positions in New York to $2,800. It applies to both candidates participating in the state's public campaign financing system and those who are not, while also setting specific higher limits for certain city and state roles. The legislation includes a cost-of-living adjustment mechanism that updates contribution caps every four years based on consumer price index changes. Additionally, it maintains existing rules allowing larger donations from close family members of candidates.