Thanks to New York City’s generous matching-funds program, local taxpayers are bankrolling Democratic Socialist Zohran Mamdani’s mayoral campaign.

With close to $16 million received and $5 million cash on hand, the political newcomer has far outraised his opponents in private donations, amassing an impressive war chest heading into November’s general election.

The city’s public-financing system is intended to give little-known candidates who fail to attract corporate or special-interest donors a shot at victory.

But Mamdani is raking in taxpayer-amplified contributions from dangerous sources: terror-linked Islamists, anti-Israel activists and campus extremists.

For every local check written out to a mayoral campaign, the city kicks in up to eight times the amount of the first $250, ensuring that small-dollar contributors disproportionately impact local elections.

It’s a system that’s prone to abuse — and in Mamdani’s case, it means that municipal funds are undoubtedly amplifying voices of bigotry and extremism.

Some of America’s most controversial extremist organizations are backing Mamdani, starting with the Islamic Circle of North America, a Muslim nonprofit that terror experts identify as the North American branch of Jamaat-e-Islami, a violent South Asian Islamist group.

Ashrafuzzaman Khan, the former head of ICNA’s New York chapter, was convicted by a Bangladeshi war crimes tribunal and sentenced to death in absentia for his role in the torture and murder of 18 Bangladeshi intellectuals. 

Five ICNA staff members kicked in a total of $1,300 in individual contributions to Mamdani — meaning that, including matching funds, his campaign received $7,700 thanks to ICNA generosity.

The Hamas-aligned Council on American-Islamic Relations boosted a Mamdani-affiliated political action committee with a $100,000 donation, The Post has reported.

On top of that, at least five CAIR officials gave independent small-dollar gifts to the Democratic Socialist’s campaign, helping him scoop up taxpayer funds.

They work for an organization that was listed as an unindicted conspirator in a scheme to finance Hamas — a trial that ended in a 65-year sentence for a CAIR board member.

Other Islamists from outside NYC have contributed to Mamdani’s campaign through his superPAC, New Yorkers for Lower Costs.

The Illinois Muslim Political Action Committee, which gave $10,500 to the PAC, includes as members Ousamma Jamal and Zaher Sahloul.

Both have served as presidents of the Mosque Foundation, a suburban Chicago organization with links to Hamas that has funded at least four charities that were subsequently shut down for financing terrorism.

Mamdani, who has refused to condemn calls for violence against Israel and who used this week’s Oct. 7 anniversary to again accuse it of “genocide,” also enjoys financing from professional activists who work to demonize the Jewish state.

Seven paid agitators from Jewish Voice for Peace — widely denounced for its abusive tactics and its ties to Palestinian terrorists — made small-dollar contributions that were matched with city funds.

And a huge sources of Mamdani’s matched campaign cash comes from academics and higher-education administrators employed by schools hat have been embroiled in federal antisemitism probes.

College and university workers have provided more than 2,000 individual donations to the candidate, with the majority coming from local faculty.

Altogether, New York academics at hard-left institutions contributed just over $105,000 to Mamdani — or up to $690,000 when boosted by matching funds.

Staff from Columbia University — where Mamdani’s professor father Mahmood teaches that Israel should not exist as a state and Oct. 7 was merely a “military action” — have donated at least 389 times to his mayoral campaign.

Employees of New York University, which admitted it failed to address campus antisemitism last year after Jewish students filed a blockbuster lawsuit, gave 508 times to Mamdani.

These donors may not organize as an official superPAC, but they function as a powerful special-interest group.

They include scholars and activists who champion radical Marxist, anti-American and intersectional ideologies.

The list of Mamdani donors includes education professionals like Lila Abu-Lughod, a professor at Columbia who believes gender violence is a matter of cultural relativism and blames Islamist honor killings on Western colonialism.

Retired Columbia prof Rashid Khalidi, another Mamdani supporter, was a press officer for the Palestinian Liberation Organization during its heyday as a designated terrorist group.

Still, Mamdani’s supporters reject accusations that their pick for mayor is an extremist.

Vox recently gushed over Mamdani’s “not-so-radical agenda,” depicting the candidate as a plucky neighborhood activist and champion of the working class.

Even Jewish media outlets like the Forward have claimed that suspicions of his antisemitism were merely “bad faith smears.”

Follow the money, though, and Mamdani’s alliances begin to crystallize.

Zohran Mamdani represents a marriage between Islamism and hard-left politics that should concern all New Yorkers.

Extremists are financing his road to Gracie Mansion — and come November,  we may send a mouthpiece for these destructive interests to City Hall.

Benjamin Baird is the director of MEF Action at the Middle East Forum.