Get out those checkbooks!
The new campaign finance caps have been announced, and there's room for more - more collecting of campaign dollars, that is.
Instead of being limited to $2,500, individual donors can now give up to $2,600 to city candidates. And businesses and political committees can now give up to $10,600, busting through the $10,000 cap that existed until now.
As required by law, the new caps were adjusted for the new calendar year, taking into account
the consumer price index, and more.
So this is it, this is the way fundraising will work in Philadelphia - now that it's been legalized by the state Supreme Court - until the next time the caps are adjusted.
That will be in 2012.
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