New Jersey’s three main Democratic fundraising committees – the state Democratic committee and the campaign arms for Senate and Assembly Democrats – collectively raised $1,064,011 in the first quarter of 2022, according to a report released today by the Election Law Enforcement Commission (ELEC). Their three Republican counterparts raised $316,169 in the same time period.
That leaves Democrats with a significant cash-on-hand advantage – $966,678 to $347,949 – as the parties slowly begin ramping up for the 2023 legislative elections. But as the 2021 election cycle demonstrated, money is no guarantor of results; Republicans gained legislative seats last year despite their campaign committees being drastically outspent.
Overall, the six committees have around $1.3 million on hand, a little over half of the $2.3 million they had this time last year. ELEC executive director Jeff Brindle noted that while it’s a smaller total than is seen in hotly contested election years, $1.3 million is still a sizable sum for the first quarter of an off-year.
“The two state party committees and four legislative leadership committees are regrouping after last year’s election and their current cash reserves are hardly eye-popping,’’ Brindle said. “However, among the seven years without state elections since 2010, the cash-on-hand total is the second largest for a first quarter since the nearly $1.5 million total that same year.”