New Jersey’s so-called “Big Six” fundraising committees – the main state party committee, the State Senate committee, and the Assembly committee for each party – collectively raised $2,167,841 in the first half of 2022, according to a new report released today by the Election Law Enforcement Committee (ELEC).
With few state-level races to focus on this year, the state parties have transferred more than $500,000 to federal election committees, where the money can be spent on competitive congressional races. The six committees have a combined $1.3 million left on-hand.
As has been the case in previous reports, the three Democratic committees held a clear fundraising advantage, raising $1,568,465 the first half of 2022 while their Republican counterparts raised $599,376.
But in the 2nd quarter alone, the disparity was smaller, with Democrats raising $504,454 and Republicans raising $283,207. Democrats have $1,046,556 left in the bank to Republicans’ $404,145.
As ELEC executive director Jeff Brindle noted in the report, both parties risk being swamped by outside expenditure groups that have fewer limits on their fundraising and spending. Brindle said that the “Elections Transparency Act,” which was introduced in the state legislature last month but failed to pass before the summer recess, could help address this problem by requiring more disclosure from outside groups on contributions and expenditures.
“Unlike parties and candidates, these independent groups face no contribution limits and have far eclipsed spending by party committees during the past decade,” Brindle said. “Our existing outdated statute enables them to hide their contributions… I remain hopeful that the legislature will enact the reform bill this fall.”