Gov. Phil Murphy has outraised Republican challenger Jack Ciattarelli by over $808,000 so far in advance of the November 2 general election, giving Murphy over $2.425 million more in state matching funds.
By voluntarily participating in the state’s gubernatorial public financing program, Murphy and Ciattarelli have agreed to a $15.6 million cap on general election expenditures. Murphy is 64% of his way toward a full match and Ciattarelli is 41% of the way there.
The New Jersey Election Law Enforcement Commission today approved $1,299,446 in public financing for Ciattarelli and $832,970 for Murphy. That brings Murphy up to $6,746,626 in matching funds, with Ciattarelli receiving $4,321,319 so far.
New Jersey provides $2 for ever $1 raised over a $156,000 threshold. Candidates can receive up to $10.5 million.
That means Murphy must still raise another $1,251,124 to reach a full max for public financing, while Ciattarelli must raise $2,059,560 to hit the maximum matching funds.
Murphy, who has a 16-point lead over Ciattarelli in a recent Monmouth University poll, began airing his first TV ad today. Ciattarelli has been on TV since August 12.