Non-Profits to Report Political Expenditures

By Jamie Hoskins

Non-Profits to Report Political Expenditures

December 12, 2012 Updated Dec 13, 2012 at 1:53 PM EDT

(WBNG Binghamton) New York's Attorney General is taking aim at non-profits requiring more transparency when it comes to political donations.

Big spending non-profit groups in New York will now be required to report how much of their expenditures go to federal, state and local electioneering.

Attorney General Eric Schneiderman said this will help alert donors to where their money is going all while bringing transparency to the political process.

"Everyone has the right to see who is supporting a candidate, who is seeking to influence the outcome of the election," Schneiderman said.

Groups that spend at least ten-thousand dollars on state and local elections will have to file a specific schedule of expenses and contributions.

All of these disclosures will be released to the public.

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