Republican Frank Pallotta is still struggling to raise money for his bid to unseat Rep. Josh Gottheimer (D-Wyckoff) in New Jersey’s 5th district, raising $141,937 in the second quarter of 2022, including a $25,000 personal loan.
Pallotta has $64,057 cash-on-hand, which is a bit less than Gottheimer’s $14 million.
So far, Pallotta has raised $397,799 for his rematch with Gottheimer, who defeated him by 31,842 votes, 53%-46%, two years ago. Gottheimer has already raised over $6.8 million this cycle, and $1.37 million in the second quarter, a sum that exceeds Pallotta’s haulette.
Jack Ciattarelli, the Republican candidate for governor in 2021, sent a $2,000 check to Pallotta after the primary.
The former investment banker has loaned a total of $75,000 to his campaign, which is less than the $1.4 million he put into his 2020 campaign.
The path for another shot at the 5th district seat was not an easy one for Pallotta, who had to win a contested GOP primary against a Marine combat veteran who had the Bergen County Republican organization line. He won by a narrow 1,469-vote margin, which was less than his 9,614-vote plurality against Gottheimer’s 2018 opponent, John McCann, Jr., in 2020.
In addition to fending off a serious primary challenger, Pallotta has also repaid $120,000 in outstanding loans from his last campaign.
A new congressional redistricting map approved last year makes NJ-5 more Democratic, but the district is potentially competitive in a bad Democratic year.