Eric Adams has nearly $4 million in his campaign account. What happens to it now?

In announcing his decision to drop out of the New York City mayoral race – officially giving up his chance at a second term – Mayor Eric Adams blamed a local board’s decision to deny him millions in public matching funds.

It’s true that Adams’ competitors all benefited from millions of public dollars through the city’s public campaign finance program. But the mayor’s campaign account is far from empty: more than $3.8 million in private donations were untouched as of the latest filing in mid-August. (And a not insignificant chunk of that haul came since June’s Democratic primary.)

What happens to that $3.8 million now? The mayor has limited options. He will likely use some of the funds to wind down his campaign, paying outstanding bills and closing his offices. After that, he may keep t