Home>Campaigns>Pallotta posts grievous fundraising numbers for Gottheimer rematch

Republican congressional candidate Frank Pallotta. (Photo: Pallotta for Congress).

Pallotta posts grievous fundraising numbers for Gottheimer rematch

GOP primary rival Nick De Gregorio raises more than twice as much as Frank Pallotta

By David Wildstein, January 31 2022 10:46 am

Republican congressional candidate Frank Pallotta raised a mere $59,325 during the fourth quarter of 2021 and has a paltry $97,800 cash-on-hand for a rematch against the Rep. Josh Gottheimer (D-Wykoff) in New Jersey’s 5th district.

The investment banker from Mahwah has brought in $216,924 since entering the race in April but burned through 55% of his money during his first year.

One of Pallotta’s Republican primary opponents, U.S. Marine Corps veteran Nick De Gregorio, entered the race in November and has raised almost twice as much.  De Gregorio, who served in combat tours in Iraq and Afghanistan, brought in $403,000 and has $361,237 cash-on-hand and $74,432 in debt.  Pallotta has been in the race seven months longer than De Gregorio.

Another candidate, Cresskill businessman Fred Schneiderman, entered the race this month and does not have to file his contributors until April.  He is expected to be a self-funder and has retained key members of Donald Trump’s political team, Kellyanne Conway and Larry Weitzner, to help his campaign.

Gottheimer, the Human Fundraising Machine, has over $12 million in his campaign warchest after his 35 consecutive successful fundraising cycles.  The three-term Democratic congressman raised more than $1.1 million during the fourth quarter of 2021 and nearly $4.7 million total last year.

Pallotta spent $1.4 million of his own money on his 2020 campaign, but lost to Gottheimer by 31,842 votes, 53%-46%.  In that race, Pallotta finished 2019 with $383,482 in the bank.

He is still carrying a $400,000 debt for his last campaign.

The newly-drawn 5th district has shed heavily-Republican Warren County and has picked up Democratic strongholds like Fort Lee and Englewood in congressional redistricting.

Still, Pallotta has won the first skirmish of the 2022 congressional race: the organization line in Passaic County.  That gives Pallotta a boost in West Milford, Wanaque, Ringwood and Bloomingdale.

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