New Mexico Democrats Post Gain in Federal Fundraising

The Democratic Party of New Mexico reported fundraising gains in its federal campaign finance account, while the state Republican Party fell short of past federal fundraising, according to a new round of Federal Election Commission disclosures filed Sunday, the Albuquerque Journal reports today:

The political parties’ federal campaign accounts differ from state accounts because they’re intended to support efforts to elect federal candidates. However, the funds can be transferred into state accounts to benefit state election efforts in addition to paying for party operation costs.

The state Democratic Party reported raising $27,372 in September, increasing its 2013 fundraising for federal accounts to $180,216. The cash haul represents a nearly 43 percent increase over the party’s fundraising during the same period in 2011, the last off-election year.

“The Democrats’ federal account fundraising tallies are in addition to the $32,696 the party raised over the past six months through its state account. Between both federal and state accounts, Democrats reported a $17,835 cash on hand.

The increase in fundraising as far as the party is concerned compared to previous years is based on the professional staff and the effort we’re putting forth on raising money,” Democratic Party Chairman Sam Bregman said.

Compared with the Democrats, Republicans reported a sharper monthly gain of $31,936 in September for the GOP’s federal accounts on the heels of a major fundraiser. That monthly cash total represents nearly one-third of the party’s total $106,675 raised for federal accounts in 2013. However, that total also represents a nearly 36 percent drop from what the party raised in 2011 through Sept. 30.

The federal fundraising does not account for the $52,107 the state GOP reported raising in its state campaign accounts over the past six months. The federal and state campaign accounts combined show $36,738 cash on hand.

Republican Chairman John Billingsley noted that the new FEC report also doesn’t include an estimated $30,000 in contributions expected to be received by the state GOP after the FEC report deadline Sept. 30.

Billingsley said the party has trailed in its fundraising compared with previous years because several events planned for the summer were postponed. However, Billingsley said he hoped the party still could catch up to 2011 fundraising levels.

“I fully expect by the end of the year we should be exactly where we want to be,” he said. “I don’t think we’re going to have a major increase (over 2011) of any kind, but I don’t think we’ll be down either.”