> It illustrates that the total amount of public funding in past election cycles has ranged from about $73 million in 1976 to nearly $240 million in 2000. The total for the 2012 election cycle was $37.9 million, representing a more than $100 million decline from the previous presidential year's total of $139.5 million, the largest decline in spending from one cycle to the next.
The 2012 presidential election was the first time that the two major party nominees opted out of the public financing program for both the primary and general elections. Primary matching fund payouts in connection wi…