John McCann, reportedly mulling a potential rematch against Rep. Josh Gottheimer (D-Wyckoff) next year, is carrying a $455,190 debt from his 2018 congressional campaign.
According to reports filed with the Federal Election Commission, McCann has just $1,054 left in his campaign account. The former Cresskill councilman has reported no contributions to help him retire his debt in the first three months of this year.
Most of McCann’s debt is to himself.
McCann raised $937,522 for his challenge to Gottheimer. He loaned $534,620 to his own campaign, according to reports filed with the Federal Election Commission.
He still owes $35,000 to the Strategic Campaign Group, a political consulting firm, and has $1,054 cash-on-hand.
Gottheimer, known as the “Human Fundraising Machine,” had a total haul of $830,063 during the first three months of 2019 and now has $4.91 million in his warchest.
Gottheimer raised $7,002,979 and spent $2,952,240 during his 2018 campaign, according to post-election reports filed with the Federal Elections Commission. He defeated former Cresskill councilman John McCann by 41,291 votes in a district almost evenly divided between Democrats and Republicans that Donald Trump carried by one percentage point.
A former Clinton White House speechwriter and Microsoft executive, Gottheimer ousted seven-term Rep. Scott Garrett (R-Wantage) in 2016 by a 51%-47% margin. He outspent Garrett, $4,782,462 to $2,411,570 and outspent him by $400,250.
Gottheimer’s fundraising prowess comes as several Republicans are mulling challenges to him next year.
Frank Pallotta, a former investment banker with the ability to self-fund, formed an exploratory committee last month.
Montvale mayor Michael Ghassali, a Syrian immigrant whose family fled Aleppo when he was 15, says he will decide about running for Congress by early June.