March 25, 2026
Based on candidate filings and reported third party expenditures, the Ethics Commission determined today that an adjustment to the Individual Expenditure Ceiling (“IEC”) of one or more publicly financed candidates in the June 2, 2026, election for Supervisor District 2 is required. The table below shows the previous and current IEC limit as determined for each eligible candidate in this race:
| Candidate Name | Previous IEC Limit | New IEC Limit |
|---|---|---|
| Brooke, Lori | $350,000 | $450,000 |
| Sherrill, Stephen | $350,000 | $350,000 |
Under the City’s public financing laws, Candidates who seek public funds must agree to limit their spending to their applicable IEC. The IEC for candidates for the Board of Supervisors starts at $350,000 and may be raised in increments of $50,000.
The current and past IEC levels of candidates can be found on the Expenditure Ceilings and Third-Party Spending page of the Commission’s website. A summary of public funds disbursed to qualified candidates can be found on the Public Financing Disbursements webpage.
IEC Calculation Methodology
As provided in Campaign and Governmental Conduct Code (“C&GCC”) Sec. 1.143, the Executive Director shall adjust the IEC for any candidate when the Total Opposition Spending against that candidate combined with the highest level of Total Supportive Funds for any opponent in that race equals or exceeds the candidate’s current IEC.
A candidate’s IEC may be raised, but it cannot be reduced or removed, and the candidate is bound by their IEC throughout the election. Because expenditure ceilings are reviewed and adjusted on a candidate-by-candidate basis, it is possible for candidates in the same race to have different IEC limits or to have their IEC adjusted at different intervals.
Total Supportive Funds (“TSF”) is the sum of all funds received by a candidate (including monetary contributions, loans, in-kind contributions and public funds), up to an amount equal to that candidate’s current IEC, plus any expenditures made or expenses incurred by any person for the purpose of making independent expenditures, electioneering communications, or member communications to support that candidate.
Total Opposition Spending (“TOS”) is the sum of all expenditures made or incurred by any person for the purpose of making independent expenditures, electioneering communications, or member communications to oppose a specific candidate. A candidate’s TOS does not include spending by a candidate to support himself or herself or to oppose his or her opponents in the same election.
Pursuant to C&GCC Sec. 1.104, a candidate’s TSF cannot exceed that candidate’s current IEC, and any additional funds received above this amount are not counted. Therefore, when a candidate’s IEC is increased, the amount of funds received that count towards the candidate’s TSF will increase. This in turn can trigger a series of successive adjustments for one or more candidates in the same race. The table below details the TSF, TOS, and final IEC limit calculated for each candidate.
Note: Candidates who are not certified to receive public financing are not bound by an IEC (designated by “N/A” in the table below).
District 2
| Candidate Name | Total Funds Received | IEC before analysis | Candidate Supportive Funds | 3rd Party Supportive Funds | Total Supportive Funds (TSF) | Highest Opponent TSF | Total Opposition Spending (TOS) | Opponent’s TSF + TOS | IEC After Analysis |
|---|---|---|---|---|---|---|---|---|---|
| Brooke, Lori | $340,691 | $350,000 | $340,691 | $0 | $340,691 | $405,306 | $0 | $405,306 | $450,000 |
| Sherrill, Stephen | $497,234 | $350,000 | $350,000 | $55,306 | $405,306 | $340,691 | $0 | $340,691 | $350,000 |