State Treasurer Rob McCord kept his campaign afloat this cycle with a $500,000 loan.
From April 1st to May 5th, McCord outdid all three of his Democratic opponents by taking in $1,225,914 in campaign contributions total, including both his loan and his contribution. He added that sum to the $3,630,899 he brought over from the first cycle of 2014.
McCord utilized almost all of the funds he had available, spending $4,188,462 in less than 40 days time, leaving him with $668,351 of cash on hand.
McCord’s campaign contributions came almost solely from substantially large donations. He received an impressive $100,000 the American Federation of State, County and Municipal Employees (AFSCME) Council 13 as well as $150,000 from the law offices of Peter Angelos. McCord’s biggest donation came from businessman Al Lord who contributed $250,000 to his campaign.
The late and sizable campaign donations are what boosted McCord’s impressive fundraising totals. To put it into perspective, McCord only received $138.76 from donations that were under $250.
Again, McCord loaned his campaign $500,000.
McCord is building up quite a large loan total himself. By adding a $500,000 loan during this last financial period, McCord brings the amount of money borrowed in his name up to around $2.2 million.
A vast majority of McCord’s campaign spending — around $3,840,000 — went to AKPD Message & Media, a prominent Democratic Party consulting firm that bought McCord’s television time. McCord also spent around $52,000 on the services of Anzalone-Liszt Research, a Democratic polling organization.