Smith: $773K Cash on Hand

By Keegan Gibson, Managing Editor

The third quarter fundraising reports for the U.S. Senate candidates are coming in, and Tom Smith made a splash with a $750,000 loan to his campaign and paid $75,000 in in-kind transportation costs.

The coal industry veteran and former Tea Party leader said this summer that he had the personal resources to get the effort started.

In his report to the Federal Election Commission, Smith also showed about $50,000 in individual contributions. That filing, forwarded to PoliticsPA by the Smith campaign, showed the Republican hopeful with $775,000 cash on hand as of October 1.

Senator Bob Casey, the man Smith hopes to face in the general election, reported raising $1 million. Casey extended his million-plus fundraising trend to three quarters and now boasts $3.75 million cash on hand.

Several other candidates have also reported their Q3 haul.

U.S. Army veteran John Vernon of Tioga County brought in $135,705 during the third quarter, including a $115,000 loan from the candidate. His campaign currently boasts about $52,000 cash on hand.

Harrisburg area attorney Marc Scaringi, who declared his candidacy last December, has a $717 on hand reports the Post-Gazette. His campaign will unveil its new finance committee chairman on Thursday, an announcement which a spokesman has said would put to rest questions about Scaringi’s financial viability.

PoliticsPA will update this story with fundraising information from David Christian, a Bucks County veterans’ advocate and Laureen Cummings, co-founder of the Scranton Tea Party.

Tim Burns and Steve Welch, two former congressional candidates each with a background in business, announced their candidacies last week after the Q3 reporting period ended.

Correction: Smith Campaign Manager Jim Conroy initially wrote in an email that the campaign’s current figure is about $730,000. That was a typo – the actual number is $773,000.

3 thoughts on “Smith: $773K Cash on Hand

  1. Gee, if I had millions of dollars, I could “make a splash” as well…Interesting the money he spent in a matter of days on “travel”. Probably a good indication of how he’d spend our tax dollars. Doesn’t seem like he’s fiscally conservative at all…judging by his actions as opposed to his words. I prefer someone who leads by actions and example, not someone who just spouts hollow rhetoric. Go Colonel Vernon!

  2. Wow! Mr. Smith just joined the campaign and has already spent $75,000 in transportation costs? Is that a typo? Seriously?

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