State law allows defeated candidates to keep campaign funds
Golden holds onto campaign war chest
Following his loss to Democrat Andrew Gounardes in November, former Republican state Sen. Marty Golden is still holding onto a campaign war chest worth nearly $270,000, according to campaign finance filings.
And it’s perfectly legal, according to the New York State Board of Elections.
Under state law, all candidates, even those who lose their elections, are allowed to keep the money donated to their campaigns.