Democratic county party committees have raised and spent more money, and report larger cash reserves, while Republicans have a larger net worth, according to a report issued this morning by the Election Law Enforcement Commission (ELEC).
County party committees reported a combined $1.6 million in cash reserves – $170,034 more than they indicated three months ago, ELEC said. The amount is $182,879 more than the two parties reported at the same point two years ago during another legislative election year, but nearly $86,373 less than their combined cash reserves four years ago – the last time the governor’s seat was in contention.
“Cash-on-hand generally is considered the best barometer of a fundraising committee’s ‘firepower’ because it shows how much remains for new campaign spending,’’ said Jeff Brindle, ELEC’s Executive Director. “Candidates and parties usually try to save as much as possible for the final two months of the campaign.”
Democratic County Party Committees raised $1,552,132 and spent $1,631,925; compared to $1,095,596 raised and $928,931 spent by the GOP. Democratic Committees have $1,188,337 cash on hand, with a net worth of $807,293; while the GOP has $438,950 cash on hand with a net worth of $992,788.
In the period of Jan. 1 through June 30, Burlington Republicans raised the most ($266,681), followed by Union County Democrats ($260,963), Passaic Democrats ($184,629), Hudson Dems ($181,995), and Somerset Republicans ($171,632).
The biggest spenders from Jan. 1 to June 30 were Union Democrats ($276,208), Burlington Republicans ($257,358), Hudson Democrats ($216,874), Camden Democrats ($213,796), and Middlesex Democrats $182,923.
The top five county party organizations with the most cash on hand are Passaic Dems ($391,538), Gloucester Democrats ($249,998), Somerset Republicans ($189,902), Essex Democrats ($143,464), and Camden Democrats ($96,792). Top organizations for net worth were Burlington GOP ($596,618), Passaic Democrats ($391,538), Somerset Republicans ($189,556), Gloucester Democrats ($182,746), and Essex Democrats ($143,464).
The poorest standing party organizations were the Hudson Democrats (net worth negative $304,938); Burlington Democrats, with a net worth of negative $88,816; Monmouth Democrats (net worth negative $15,933); and Mercer Republicans, with a net worth of negative $945.