The good news for George Pataki – his presidential campaign reports having over 80% of the money it’s raised still on hand, spending less than 20%. The bad news for George Pataki – the amount on hand totals just over $200,000.
In his initial campaign finance report the former New York governor reported raising $255,000 and spending $48,000. This filing covers the 2nd quarter of 2015, April 1 to June 30th. Pataki’s campaign committee was created on May 19th, just ahead of his May 28th formal announcement in Exeter, New Hampshire and his June 2nd FEC “Statement of Candidacy”, so it’s a shortened time period of actual fundraising.
The amount raised by Pataki’s campaign is meager, able to fund some low-cost trips to New Hampshire and Iowa, but not nearly enough to truly compete. There’s a significant known unknown, however. Pataki created a super PAC in early January and that super PAC, “We The People, Not Washington”, has yet to file its initial report. Super PACs may raise unlimited amounts, with no contribution limits, so a small number of (or even a single) wealthy and willing contributors can provide substantial funding for a presidential bid. Pataki’s financial outlook could be dramatically different, depending on his super PAC’s results. (Stay tuned – we’ll update you on the super PAC filing as soon as its available.)