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ANALYSIS: The Dem Candidates to Replace Malloy All Have a Big Problem

January 12, 2018 By Staff
ANALYSIS: The Dem Candidates to Replace Malloy All Have a Big Problem

On the all-important fundraising front, Democratic gubernatorial candidates are struggling, compared to Republicans.

With Connecticut voters only 11 months away from choosing a new governor, the six most credible Democratic candidates, or potential candidates, are all suffering from a similar problem: they’re either low on cash, running out of it, or both.

In a post published on Thursday, Reclaim Connecticut broke down the fourth-quarter fundraising, overall fundraising, and cash on hand for the 18 major gubernatorial candidates: 11 Republicans, six Democrats, and one independent.

A key finding? The six Democrats have less cash on hand, on average, than the Republican candidates.

  • The nine Republicans who are not self-funding (we excluded Bob Stefanowski and David Stemerman, who plan to self-fund) averaged $123,000 in cash on hand heading into 2018
  • The six Democrats, on the other hand, averaged about half of that: $64,000

The same goes for total fundraising so far:

  • The nine Republicans who are not self-funding have raised an average of $208,000 so far
  • The six Democrats have raised an average of $151,000 so far

Two takeaways from this? Republicans are both 1) generating more fundraising enthusiasm than Democrats, and 2) spending their money in a more prudent fashion.

Of course, the all-important number is $250,000 – that’s the key mark for candidates who want to qualify for $1.25 million in Citizens’ Election Program (CEP) primary grants and up to $6 million in CEP general election grants.

And Republicans have Democrats beat here, too: four candidates have hit, or claim to have hit, CEP thresholds: State Rep. Prasad Srinivasan (R-Glastonbury), Mayor Mark Lauretti (R-Shelton), Mayor Mark Boughton (R-Danbury), and Dave Walker. Only one Democrat, Jonathan Harris, can claim to be close.

Fundraising matters in statewide campaigns, and heading into 2018, it looks like Republicans have the edge in the all-important gubernatorial race.