Katie McGinty surprised the political world when she finished ahead of candidates like Tom Wolf and Rob McCord in the latest fundraising period, bringing in $1,102,857.
The former DEP Secretary also carried over $1.77M from the last quarter and ended with a cash on hand total of $1,618,361.
Those totals come with a big caveat, however, as McGinty loaned her campaign $300,000 last month. Altogether, McGinty has given $535,000 in loans to her gubernatorial campaign. While some may question her methods, this undoubtedly shows she has put a lot on the line in her quest to lead the commonwealth.
Additionally, she returned a $100,000 loan from Douglas Farnham, a co-founder of Farnham & Pfile Construction Inc.
McGinty received a few substantial contributions, including a $25,000 donation from Daniel R. Tishman, the CEO of Tishman Construction Corp. a well-known New York construction company. She also received $25,000 from Harry Halloran Jr., the CEO of a number of renewable energy companies.
The candidate also got $15,000 from Daniel Atkinson, the founder of Atkinson Investment Management.
The report also confirmed that McGinty followed through on her promise to return the $40,000 that was given to her campaign by James Forrest after it was revealed his company was involved in the disastrous West Virginia chemical spill.
Overall, McGinty had a high burn rate although it was lower than some of her competitors, coming in at 114%.
The campaign spent $1,259,855 altogether in the last quarter. An incredible 58.7% of that total went towards media buys and consultations with SKDKnickerbocker, a Washington, D.C. communications firm.
Finally, she also gave $7,500 to the Pennsylvania Democratic Party for use of their voter file.
While reading this financial report won’t necessarily reveal a path to victory for Katie McGinty, it does illustrate the commitment she has made to her campaign.