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Archive for May 12th, 2006

Congressional election fundraising: $657.2M in 15 months

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If you want to be a senator or representative in Congress, the price is climbing fast.

According to Political Money Line:

Congressional campaigns raised a total of $ 657.2 million in the period from January 1, 2005 through March 31, 2006, an increase of 13% from the comparable period in 2003-2004, according to a compilation by the Federal Election Commission.

1,726 Senate and House candidates spent $330.4 million in this 15 month period (nearly unchanged from 2004), and reported cash on hand of $522.3 million (up 24%) at the end of the first quarter.

Candidates in this cycle’s 33 Senate campaigns reported receipts of $265.1 million, disbursements of $110.9 million, and cash balances of $202.5 million. This represents a 5% increase in fundraising, a 21% decline in spending, and a 22% increase in cash-on hand over 2004 levels.

Read the rest. You’ll be discouraged. No doubt they’ll hit a billion bucks before November. Now imagine what presidential election fundraising will be like for 2008.

Written by Dr. Denny Wilkins

May 12, 2006 at 1:20 pm

Posted in Uncategorized