The lagging economy and new pay-to-play laws have dramatically reduced the amount of money raised and spent by the state parties and legislative leadership committees.
“This reverses a trend of increased financial activity that has been apparent over the last two decades,” said Jeffrey Brindle, executive director of the Election Law Enforcement Commission (ELEC).
Combined, the “big six” state parties and legislative leadership committees for both the assembly and state senate have raised $8.1 million and spent $5 million. That’s a 44% decrease from this point four years ago, when they had raised $14.5 million and spent $8.6 million.
During the last reporting quarter, Assembly Republican Victory (ARV) – the political arm of the Republican Assembly caucus – raised $218,000, spent $308,000 and has $244,000 on hand. Their Democratic counterparts have much more money, having raised $522,000 last quarter and spent $708,000. The Democrats have roughly $804,000 on hand.
The Democratic State Committee took in $1.45 million and spent just over $2 million during the last quarter, leaving them with about $374,000 on hand. The Republican State Committee took in $257,000, spent $167,000 and has $148,000 on hand.
For all of 2009, coupled with money left over from previous election cycles, the Democratic Assembly Campaign Committee raised $1.9 million and spent $1.2 million, while the ARV has raised $792,000 and spent $548,000. The Democratic State Committee raised $3.2 million and spent $2.8 million, while the Republican State Committee raised about $438,000 and spent $289,000.
Those totals are all down significantly from four years ago.
The Republican State Committee’s fundraising totals are down 71% from this point four years ago, while the Democratic State Committee’s fundraising is down 31%. The Assembly Republicans raised 33% less than four years ago, while the Assembly Democrats have raised 59% less.
On the Senate side, where most legislators are not up for reelection for two more years, the Senate Republicans raised $621,000 and spend $103,000, leaving $518,000 on hand. The Senate Democratic Majority raised $1.2 million, spent $237,000 and has $968,000 on hand.