Raimondo’s campaign war chest jumps to $2M; gov bid looms

July 31st, 2013 at 6:02 pm by under Nesi's Notes, On the Main Site

Chafee_Raimondo_TaverasTreasurer Gina Raimondo’s campaign war chest now tops $2 million, about three times more than her second-closest rival in the 2014 governor’s race, as the first-term Democrat continues to be a fundraising juggernaut.

Raimondo raised $399,420 from April 1 to June 30, finishing the second quarter with $2.06 million on hand, her campaign disclosed Wednesday in a filing with the R.I. Board of Elections. She had $1.7 million on March 31.

As a comparison, former Treasurer Frank Caprio, who was a prodigious fundraiser in his own right ahead of his 2010 gubernatorial bid, had $1.4 million on hand at the same point in the last election cycle.

Providence Mayor Angel Taveras, Raimondo’s fellow Democrat and another potential candidate for governor next year, raised $157,705 during the second quarter to finish with $692,590 on hand, his campaign disclosed in its Board of Elections filing. Taveras had $560,779 on March 31.

Incumbent Gov. Lincoln Chafee, who won office as a Republican-turned-independent but became a Democrat in May, raised $69,764 and finished the second quarter with $377,391 on hand, Chafee’s campaign disclosed Tuesday in a Board of Elections filing. He had $358,168 on March 31.

Cranston Mayor Allan Fung, who’s expected to seek the Republican nomination for governor, raised $111,050 and finished the quarter with $256,498. Moderate Party founder Ken Block, who’s running for governor and has flirted with joining the GOP, raised $54,414 and finished the quarter with $73,987.

Raimondo continues to rake in more money with each passing quarter, thanks in so small part to a national network of donors, many of whom also hail from the finance industry. She added $399,420 in the second quarter of this year, up from $381,496 in the first quarter and $259,974 in the same period of 2012.

But Raimondo’s campaign operation spent far more money during the second quarter than it had been previous, with total expenses of $59,075 from April 1 to June 30, up from just $17,484 during the first quarter.

The treasurer shelled out $21,500 to Walsworth Landset Research, a political consulting firm co-founded by Brian Walsworth, a former top operative for U.S. House Minority Leader Nancy Pelosi and House Democrats’ campaign arm, the DCCC. The money was spent on polling and research, the filing said.

Raimondo’s campaign also spent more than $200 on taxi rides in New York City, and about $2,000 on catering and flowers in the San Francisco area in May. New York City Mayor Michael Bloomberg held a fundraiser for Raimondo in Manhattan last month.

Among those who donated to Raimondo in the second quarter was Charlie Baker, the Republican candidate for governor in Massachusetts in 2010, who gave the Democratic treasurer $1,000. He is expected to run again in 2014.

Other notable Raimondo donors included DreamWorks Animation CEO Jeffrey Katzenberg ($1,000); Facebook executive and “Lean In” author Sheryl Sandberg ($1,000); writer Anna Quindlen ($1,000); CVS Caremark CEO Larry Merlo ($1,000); financier Steven Rattner ($1,000); former SEC Chairman Arthur Levitt ($1,000) and former Los Angeles Mayor Richard Riordan ($1,000).

Raimondo also received contributions from the political action committees of seven private-sector labor unions, including the Laborers. She got no donations from public-sector unions.

Since entering politics in 2009, Raimondo has raised a cumulative total of $2.85 million in campaign donations.

Separately, Raimondo’s political action committee – Gina PAC – raised only $5,000 during the second quarter but spent $21,105. Most of the money was spent on donations to charities and other politicians, including the campaigns of House Speaker Gordon Fox, Senate President Teresa Paiva Weed and Newark Mayor Cory Booker, her husband’s former roommate, who is now a candidate for U.S. senator in New Jersey.

Gina PAC also gave money to about three dozen Democratic state lawmakers: Anastasia Williams, Art Handy, Cale Keable, Chris Blazejewski, Dan DaPonte, Deb Ruggiero, Dennis Canario, Dominick Ruggerio, Donna Nesselbush, Edith Ajello, Eileen Naughton, Elizabeth Crowley, Erin Lynch, Frank Ferri, Gregg Amore, Hanna Gallo, Helio Melo, James Sheehan, Jan Malik, Joy Hearn, Linda Finn, Lou DiPalma, Maryellen Goodwin, Michael McCaffrey, Mike Marcello, Nick Mattiello, Pat Serpa, Paul Fogarty, Peter Martin, Roger Picard, Ryan Pearson, Sam Azzinaro, Stephen Archambault, Stephen Ucci, Susan Sosnowski and Thomas Winfield.

• Related: Analysis: Chafee scrambles 2014 race with Dem Party switch (May 29)

This post has been updated.

Tags: , , , , , , , ,

2 Responses to “Raimondo’s campaign war chest jumps to $2M; gov bid looms”

  1. [...] Related: DreamWorks CEO, Facebook executive among Raimondo donors (July [...]

  2. [...] about next year’s Democratic primary for governor. Gina Raimondo is a fundraising machine, with $2 million on hand, three times as much as second-ranked Angel Taveras. Taveras is raising enough to mount a credible [...]