Both parties have roughly the same amount of money in their campaign war chests, creating a more level playing field than there was four years ago, according to campaign finance reports released today by the New Jersey Election Law Enforcement Commission.
Senate Republicans have $544,655, compared to $500,697 for Senate Democrats. In 2006, Senate Democrats had $1.5 million and the GOP had $340,000. Assembly Democrats have a financial advantage over Assembly Republicans, $94,072 to $198,791. Four years ago, Assembly Democrats had a $651,000 and the GOP had $104,133.
The Democratic and Republican state party organizations both have negative net worth: the Democrats are at -$19,600 and the GOP at -$28,178.
Despite the election of a GOP governor, Democrats actually outraised Republicans during the first quarter of 2010, bringing in $1,093,368 to $1,089,213 for the GOP. The Republican State Committee brought in $329,587, while the Democratic State Committee raised $160,826. Senate Republicans raised $573,315, compared to $520,115 for Senate Democrats. In the Assembly, Democrats outraised Republicans, $412,427 to $186,311.