NJ Candidates, Political Pacs Break The Bank, Breaking Records For Spending

moneyby Colleen O’Dea / NJ Spotlight

So far, the 264 candidates seeking 120 seats in the New Jersey Legislature have raised $27.7 million toward next month’s election, according to the New Jersey Election Law Enforcement Commission.

But that’s only a small sample of the money being spent to win Senate and Assembly seats that come with a part-time salary of $49,000, not to mention the governor’s seat:

  • The six major leadership committees (Senate and Assembly leaders and statewide parties) for both the Democrats and Republicans have raised a combined $7.2 million.
  • Eight gubernatorial candidates have taken in almost $15.1 million, $12.9 million of that by Gov. Chris Christie alone.
  • So-called independent committees, at least some of which do not have to file any accounting of their fundraising activities, have spent an estimated $22.4 million to advocate for or against candidates, to take a stand on the two ballot questions or to get involved in statewide issues, which often indirectly supports or undermines candidates.

Read the full story at NJ Spotlight

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