In his race to unseat the Human Fundraising Machine, investment banker Frank Pallotta raised just $89,675 during the 2nd quarter of 2021 and has banked $94,072.
The three-term Democratic incumbent, eight-digit man Josh Gottheimer (D-Wyckoff), raised $966,157 during the same time period and has $10,033,321 cash-on-hand.
At the same point in his bid to oust seven-term Rep. Scott Garrett (R-Wantage) six years ago, Gottheimer raised $577,368 in the 2nd quarter of 2015 and had $2,505,372 in his campaign warchest.
Pallotta is still carrying a $400,000 campaign debt from loans he made to his 2020 challenge to Gottheimer last year.
In that race, Pallotta spent $1,435 million of his own money and lost by 31,842 votes, 53%-46%.
Pallotta is one of three Republicans eyeing a chance to take on Gottheimer in a still-to-be-determined district, along Sussex-Wantage school board President Nick D’Agostino and Nick DeGregorio, a retired Marine infantry officer who fought in Iraq and Afghanistan.
The 5th has steadily become Democratic since it was drawn in 2012 with 13,085 more Republicans than Democrats. The GOP registration edge dropped to 2,370 in 2016 and as of July 1 had 17,790 more Democrats than Republicans.
The district went for Mitt Romney by two points in 2012 and Donald Trump by one point in 2016 before giving Joe Biden a five-point win in 2020.