PA-Gov: Tom Wolf’s First Post-Primary Financial Report
Democratic gubernatorial nominee Tom Wolf raised more money between May 6 and June 9 of this year than he did in the entire first financial quarter of the year, perhaps to make up for the quick spending of his own initial $10M contribution to the campaign.
Wolf received $3.4M in contributions this month, about $1.6M of which he brought over from last month. Last month, though, the candidate brought in just about $600,000 while rolling over $7 million from his last quarter. In April, Wolf spent a mammoth $6M but had just $1.9M in expenditures this month. He is left with $3,101,301 cash on hand; while this is still a large amount, it is less than half of the $7,696,448 he had at the end of April.
Considering this report’s overlap with the May 20th primary that Wolf easily won, his ability to bring in close to twice as much as he spent in the month-long period is quite impressive. It seems as though his excessive spending in the early months of the year allowed him to some room to coast a bit through the last two weeks before the primary. It’s also clear from the month-to-month numbers that Wolf received a nice bump in contributions thanks to his victory.
Wolf received $7,159 in in-kind contributions and $3,473,711 in monetary contributions.
Most of his money came from political committees, including PAC’s. After receiving just $16,500 in political committee contributions over $250 in the first quarter and $36,100 last month, his $2.3M intake this month is astounding.
The largest contributions were $500,000 each from the PA Service Employees International Union COPE and the Pennsylvania State Education Association PACE. The American Federation of Teachers COPE followed quickly behind, contributing $450,000.
As these are all organizations likely to support Democratic candidates and they all made their contributions after the primary, it can be assumed that they were waiting to see which Democratic candidate won before throwing their money into the general election.
He once again received sizable contributions from individuals, though they pale in comparison to his contributions from political committees.
Wolf spent $1,980,444 in the timeframe of this report, less than a third of what he spent over the prior report.
He continued to spend money for consulting groups, with Capitol Compliance Associates receiving $15,000 more from his campaign. He also paid Shorr Johnson Magnus, a political strategic firm, $1M and Mack Sumner Communications, a strategy and design firm, almost half a million, both for media production and other services.
Finally, he paid Greenberg Quinlan Rosner $60,000 over the course of two weeks for polling purposes.
With the more than $3M that Wolf still has on hand and the new influx of political committee contributions, Wolf should be able to maintain his campaign war-chest through November.