NY13 Blog; Retaking NY-13 from Rep. Vito Fossella

Following the corruption, ineffectiveness and hypocrisy of Rep. Vito Fossella.

Monday, April 16, 2007

Fossella's financial troubles

Rep. Vito Fossella filed his April quarterly report, disclosing the cash he brought in and the expenses his campaign covered from Jan 1 through March 31 2007. By now you probably know he is starting his re-election bid in debt, a lot of debt (-209k). What you may not know is how much of a hole is starting off in, compared to this time in 05 and 03 coming off of much easier re-elections. Here are the April Qtr 2007 numbers;

Net Contributions: 133,150.00
Net Expenditures: 62,167.12
Cash on Hand: 82,885.69
DEBT: 173,750.46

For comparison here is where he was at at this point in 2005, after the 04 elections;

Net Contributions: 59,227.22
Net Expenditures: 77,623.16
Cash on Hand: 136,653.42
DEBT: 15,306.32

Comparatively he has $46,000 less on hand in 2007, and $158,000 more in debt in 2007. And here is where he was at at this point in 2003;

Net Contributions: -1,810.44
Net Expenditures: 52,910.64
Cash on Hand: 116,088.66
DEBT: 12,822.52

Comparatively he has $34,000 less on hand in 2007, and $161,000 more in debt in 2007.

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