Home>Campaigns>Gottheimer has a gargantuan $14 million warchest after already spending $2.5 million on NJ-5 re-election bid

Gottheimer has a gargantuan $14 million warchest after already spending $2.5 million on NJ-5 re-election bid

The Human Fundraising Machine raised $1.1 million in third quarter of 2022

By David Wildstein, October 15 2022 1:37 pm

Rep. Josh Gottheimer (D-Wyckoff) has a Smaugesque $14,002,994 cash-on-hand of as he seeks re-election to a fourth term in Congress in New Jersey’s 5th district.

The Human Fundraising Machine raised a mammoth $1,103,462 during the third quarter of  2022.  He has now raised a galactical $26,415,820 since launching his first bid for Congress in March 2015.  Gottheimer has had 32 consecutive Himalayan-sized fundraising quarters.

The Bergen County Democrat has now raised a whopping $7,939,268 so far this cycle and has spent $2,448,263 on re-election bid.

Gottheimer’s Republican opponent, Frank Pallotta, has not yet filed his Q3 fundraising report with the Federal Election Commission.  He has struggled to raised money for his rematch with Gottheimer after losing to him by 31,842 votes, 53%-46% in 2020.  Redistricting made the 5th more favorable to Democrats than  the one Gottheimer wrestled away from seven-term Republican Scott Garrett (R-Wantage) in 2016.

Pallotta’s biggest donor in his primary election win over U.S. Marine combat veteran Nick DeGregorio may have been Gottheimer, who strategically played in the Republican race in order to get the challenger he wanted.

So far, Pallotta does not appear to have reserved any television time and his spending just a few hundred dollars a week on Facebook ads.  He finished the second quarter with his $64,057 in the bank.

The big question in advance of tonight’s filing deadline is how much Pallotta will put into his own campaign, if anything.   Two years ago, the former investment banker had put $1.4 million of his own money into his campaign to unseat Gottheimer.  As of June 30, he had loaned his campaign a total of $75,000 to help him score a narrow 1,469-vote primary victory against DeGregorio.

Republicans held the 5th district seat for 36 years until Gottheimer, a former Clinton White House speechwriter, took out Garrett, a Sussex County Republican, by four percentage points in 2016 in a district that Donald Trump carried.

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