Home>Campaigns>Sweeney raises almost $2.5 million, close to reaching full match

Former State Senate President Steve Sweeney. (Photo: Kevin Sanders for the New Jersey Globe).

Sweeney raises almost $2.5 million, close to reaching full match

Former Senate President has about $7.1 million available for governor’s race

By David Wildstein, January 07 2025 5:45 pm

Former Senate President Steve Sweeney has raised nearly $2.5 million for his bid to become the Democratic nominee for governor of New Jersey, putting him about $447,000 away from qualifying for New Jersey’s gubernatorial public financing program’s full match.

Sweeney joined the race for governor in December 2023 and so far has the second-highest fundraising haul in the Democratic field in advance of the June 10 primary election.

His $2.488 million raised nets him an additional $4.6 million in matching funds, giving Sweeney roughly $7.1 million so far for his statewide campaign.  New Jersey has a $2-for-every-$1 system, up to $5.5 million in public dollars.

As matching funds recipients, Sweeney and the other candidates have agreed to cap their hard dollar primary campaign spending at $8.7 million.   To reach the limit, candidates must race $3.2 million.

Jersey City Mayor Steve Fulop raised enough to qualify for the full match in April 2023.

Rep. Josh Gottheimer (D-Tenafly) raised $1.66 million during the first six weeks of his gubernatorial campaign.   Newark Mayor Ras Baraka has raised $1.146 million for his gubernatorial bid  Rep. Mikie Sherrill (D-Montclair) raised $600,000 in her first 24 hours as a candidate; she has not yet announced her year-end fundraising numbers.

Republican Jack Ciattarelli $2.935 million for his campaign for the Republican nomination for governor, enough to qualify for the full match.

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