Richard Pezzullo is carrying a $60,000 debt from challenge to Rep. Frank Pallone, Jr. (D-Long Branch) last year – his 9th unsuccessful bid for public office.
Pezzullo still has $56,624 remaining in his campaign account that was unspent from the $70,000 he personally loaned to the 2018 congressional bid. Pallone defeated him by 60,309 votes, 64%-36%,
He reported paying some bills during the first three months of this year, but did not raise any money, according to his filing with the Federal Election Commission.
On top of his House campaign debt, Pezzullo is also carrying a $22,000 debt from his 2014 campaign for the Republican nomination for U.S. Senate – all from a personal loan he made. He reported cash-on-hand of $1,078 in his Senate account.
He came within 4,598 votes (29%-26%) of defeating Jeff Bell for the chance to take on incumbent Cory Booker.
Pezzullo ran as an independent for State Senate in 1993, U.S. Senate in 1994, State Assembly in 1995, U.S. Senate in 1996, Governor in 1997, and State Senator in 1998. He won 41% against John Bennett in a 2003 State Senate primary. He briefly sought the Republican U.S. Senate nomination last year before endorsing Bob Hugin and flipping to the congressional race.