The first quarter financial reports are now public and we see a stark difference between Democrats and Republicans in funding for the key May primary Senate races in Pennsylvania and Ohio, in particular.
If it wasn’t for self-funding candidates in these two states, the GOP would be in trouble.
In Pennsylvania, Democratic Lt. Governor John Fetterman holds strong polling leads over his primary opponents as well as a major fundraising advantage over all contenders. According to the Federal Election Commission’s March 31 campaign finance reporting, Mr. Fetterman has raised just over $15 million for his US Senate effort.
His receipts total is well over $9 million more than his chief Democratic primary opponent, US Rep. Conor Lamb’s (D-Pittsburgh) $5.7 million aggregate figure. The third competitive Democrat, state Rep. Malcolm Kenyatta (D-Philadelphia), has obtained $1.8 million. None of the three Democrats have self-funded their races to any degree.
The Pennsylvania Republicans, on the other hand, offer a stark contrast. While the top two GOP resource candidates, television doctor Mehmet Oz and ex-hedge fund CEO David McCormick, report aggregate receipts in the same realm as Mr. Fetterman, the sources are very different.
Dr. Oz posts total receipts through March 31 of $13.4 million and Mr. McCormick has $11.3 million. The difference, however, is that 82% of Dr. Oz’s money comes from himself and 61% of Mr. McCormick’s money is self-donated, mostly in the form of campaign loans.
The same pattern also appears for the third highest funded Republican candidate, former US Ambassador Carla Sands. She reports $4.62 million in receipts, but 85% of that total comes from her personal funds. The fourth place candidate, former Lt. Governor nominee Jeff Bartos, is the only one with a majority percentage of his dollars coming from contributors. He has raised $3.4 million, with 62% coming from individuals other than himself.
The story is the same in neighboring Ohio. There, the two top fundraising Republicans report self-funding as their major source.
Businessman Mike Gibbons leads all candidates in total receipts with $17.4 million raised. In his case, all but $1 million, or 94% of his aggregate total, comes from his own funds. The second highest Republican in terms of dollars raised is state Senator Matt Dolan (R-Chagrin Falls), who is a minority owner of the Cleveland Guardians MLB baseball club, with $11.1 million in receipts. He also has self-donated, mostly in terms of personal loans, 94% of his campaign treasury.
We also see the same pattern appear for the Ohio Democrats that exists in Pennsylvania. US Rep. Tim Ryan (D-Warren/Youngstown) is the consensus party candidate, way ahead of former Consumer Financial Protection Bureau official and 2020 congressional candidate Morgan Harper in terms of polling and money.
Mr. Ryan has raised $12.6 million, 100% from others at one point in time, while Ms. Harper posts $1.2 million in aggregate receipts, less than 1% coming from herself. Rep. Ryan began the campaign with some money remaining in his federal account from his past congressional races.
Combined, the Pennsylvania Senate Democrats have raised $22.6 million, and none of it from the candidates, themselves. The Keystone State Republican candidates report a combined $34.4 million raised, but that total figure drops to $11.2 million when counting only the money that others have contributed.
The pattern in similar in Ohio. The Democratic candidates combine for $13.8 million raised, all but $7,478 from others, while the Republicans post a whopping $41.4 million raised, but just $6.5 million in contributions from individuals other than the candidates themselves.
The pattern is distinctly different, however, in another key May Senate primary state, that being North Carolina. Here, the combined Republican candidate field has done just as well as Democrats in actual fundraising.
Democrats have a consensus candidate in former North Carolina state Supreme Court Chief Justice Cheri Beasley, who has raised $8.4 million, all but $623 from other people.
Combining US Rep. Ted Budd (R-Advance), former Governor Pat McCrory, ex-US Rep. Mark Walker, and author Marjorie Eastman, the GOP aggregate receipts total is $10.8 million. In this case, 94.4% of the dollars raised is contributed from sources other than the candidates themselves.
Early voting in Ohio is already underway in conjunction with the state’s May 3 primary. In Pennsylvania, voters may cast their ballots as soon as they are received but early in-person voting ends on May 10 for the May 17 primary. Vote-by-mail in North Carolina began March 28, with in-person voting beginning this Friday. The Tar Heel State primary is also May 17.
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