This story was updated with fundraising figures for McCann at 9 p.m.
Former investment banker Frank Pallotta has just $40,713 in the bank for his challenge against Rep. Josh Gottheimer (D-Wyckoff), one of New Jersey’s most prolific fundraisers.
Pallotta brought in $152,510 during the second quarter of 2020, according to reports filed with the Federal Election Commission.
Though Gottheimer’s July quarterly report, which includes information on fundraising between June 18 and June 30, is not yet available, the incumbent reported raising $894,114 between April 1 and June 17.
Gottheimer had almost $8.5 million banked at the time.
Former Cresskill Councilman John McCann, Pallotta’s chief primary opponent, raised $35,197 in the second quarter. He had $16,861 on hand on June 30.
Republicans in the fifth are attempting to win back a seat they lost in 2016 after holding it for more than 70 years.
Gottheimer ousted seven-term incumbent Rep. Scott Garrett (R-Wantage) in 2016 after the conservative congressman came under fire for refusing to financially support the National Republican Congressional Committee because it had actively recruited gay candidates.
The above fundraising totals do not include independent expenditures made for or against any candidate, nor do they include spending by candidates’ political action committees.
As of last Tuesday, there were 13,901 more Democrats than Republicans. When Gottheimer first won the seat in 2016, Republicans had a 2,370-voter registration edge.