Rep. Mikie Sherrill (D-Montclair) has $3,606,174 cash-on-hand after raising a whopping $716,946 during the first three months of 2020.
The North Jersey congresswoman’s massive warchest, boosted by a decision to bank money in her 2020 re-election bid, strengthens her expected bid for a third term in next year’s mid-term elections.
Since her 29,150-vote victory last year, 53%-47%, Sherrill has raised a total of $770,178 for the 2021-22 cycle.
Sherrill raised almost $8.5 million in her bid to flip New Jersey’s 11th district in 2018 and outspent her Republican opponent by an almost 5-1 margin for a seat that Republicans had held since 1984.
It was Sherrill’s early fundraising prowess – she had raised more than $1.2 million by the end of 2017 – that helped frighten twelve-term incumbent Rodney Frelinghuysen out of the race. With a warchest of under $1.2 million, Frelinghuysen announced his retirement weeks after Sherrill announced her own fundraising numbers.
As a candidate for re-election in 2020, Sherrill raised $5,494,469 and spent $3,807,868.
After the first three months of her first term, Sherrill raised $552,722. That gives her a 30% increase over her Q1 2019 haul.
Sherrill’s first three months trails fundraising by another sophomore House member with fundraising prowess, Rep. Andy Kim (D-Moorestown). Kim raised $959,000 during the first three months of the year.
Like every other incumbent, Sherrill is dealing with the uncertainties of congressional redistricting and won’t know the makeup of her district for at least another eight months.
The 11th district was originally drawn to send a Republican to Congress. Just before the 2012 primary, the 11th had 24,176 more Republicans than Democrats. As of April 1, there are 10,102 more Democrats than Republicans.
While Donald Trump carried the 11th in 2016 by a 48%-47% margin against Hillary Clinton, Joe Biden won the district by a 53%-46% margin in in 2020.
Still, Sherrill has some Republican strongholds that she might prefer to shed. She lost the Sussex County portion of the district by 3,727 votes.
Rosemary Becchi, a former tax counsel to the U.S. Senate Finance Committee, has quietly discussed a rematch with Sherill with some GOP officials.