GAGOP Finances Run Low

Greg Bluestein and James Salzer at the AJC released a story yesterday that shone the light on some financial issues with the Georgia Republican Party. From their story:

“The Georgia GOP filed an end-of-the-year report showing it had $11,403 cash on hand and was $231,000 in debt, in a startling revelation for a party that commanded millions just a few election cycles ago.

[T]he party’s bank account has steadily depleted over the last six years. It had $2 million in the bank at the start of 2010, $844,000 in early 2012 and $425,000 in 2014.”

From the Federal and State reports, which you can see by following the links below, the Federal balance on hand was $19,005.10 with a debt of $125,050.46 and the State balance on hand was $11,403.28 with a debt of $231,162.96.

FEDERAL REPORT OF RECEIPTS AND DISBURSEMENTS

STATE REPORT

From Party spokesman Ryan Mahoney:

“Under the leadership of Party Chairman John Padgett and Foundation Chairman Jack Kingston, the GAGOP continues to raise money and strengthen relationships with key donors throughout the state and country. Thanks to their hard work and the continued support of so many Georgia Republicans, we will have the resources in place to implement the Party’s 2016 Victory program, protect our U.S. Senate seat, and win back the White House in November.”

Please feel free to speculate, pontificate, and prognosticate in the comment section.

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Hank ReardenWill DurantSally ForthBrian Keahl Recent comment authors
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Brian Keahl
Brian Keahl

I’m not sure the “trend” is what the original story (AJC) implies. Fundraising depends upon a variety of factors, some of which we can not control. For instance, we had a rather good opportunity to raise funds in 2008 as a result of the Obama election and the U.S. Senate runoff in Georgia. A chunk of that 2008 “windfall” went into technology upgrades (the GAGOP was running phones, servers and desktops purchased in the late 1990’s in 2008). Chairman Everhart was in the banking business and tended to be conservative when it came to expenditures, so held some balance to… Read more »

Sally Forth
Sally Forth

rut roh….. looks like they’ve been taking finance lessons from the GA Democrats.

Will Durant
Will Durant

Just more evidence that the big money now goes to the PACs.

Hank Rearden
Hank Rearden

Under the Padgett administration Stoneridge Group was the big winner with over $1,900,000 earned working for the state GOP.