The NYC Campaign Finance Board summarizes the proposals as follows:

Proposal 1: Campaign Finance

This proposal would lower the amount that a candidate for city office may accept from a contributor to their campaign, increase the amount of public funds available to participating candidates, and make public funds available earlier. Candidates in the 2021 election would have the choice of whether or not to have the new limits apply to them.

Proposal 2: Civic Engagement Commission

This proposal would create a Civic Engagement Commission that would centralize civic engagement initiatives, create a citywide participatory budgeting program, assist community boards, and provide language interpreters throughout the city on Election Day.

Proposal 3: Community Boards

This proposal would change how community boards throughout the city are run, by imposing term limits on appointees, changing the application and appointment process for community board members, and require the Civic Engagement Commission (if Question 2 is approved) to provide resources to community boards.