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.
Labels: finances, fund raising
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