RNC Bank Balance Drops Below $10M
By Reid Wilson
The RNC has less than $10M in the bank after spending heavily to win races in VA and NJ, according to FEC filings made over the weekend.
The GOP's top national body had just $8.75M CoH as of Nov. 30, the reports show. Last month, the party raised $6.4M and spent $8.9M. So far this year, the RNC has spent $6M more than it has brought in.
The committee started '09 with $15M in the bank, and chair Michael Steele took control when the RNC had $22.8M in the bank. The party has bragged that it spent $13M on successful efforts to win back GOV mansions in VA and NJ, and it spent smaller amounts on 2 special House elections in NY.
Meanwhile, the DNC ended Nov. with $13.2M CoH after raising $5.9M last month. Dems still have to pay off $4.9M in debt, but for the first time since Pres. Clinton was in office, the party will likely start an election year with more cash in the bank than its GOP rival.
The DCCC has much more cash in the bank than the NRCC. After accounting for debt, the DCCC has just under $13M in the bank, while the NRCC has only $2M. The DSCC, after debt, boasts a $10.2M to $7.3M advantage over the NRSC.
The RNC has now outraised the DNC for 4 out of the 11 months since Steele became chair. The reverse -- the DNC outraising the RNC -- didn't happen once during Pres. Bush's time in office.
Still, the RNC historically has been better at raising money than the DNC. The party's direct-mail program and small-dollar outreach has always given the GOP the edge. And their small-dollar donor campaign remains strong -- 2/3rds of the party's receipts last month were unitemized, meaning they came from donors who gave less than $200.
The GOP has been touting renewed excitement in their donor program for months. When town hall meetings erupted this summer, the RNC said it had seen a corresponding jump in online and small-dollar donations. That trend continued in Sept. and Oct.
So the GOP has a chance to grow its bank account, but for the moment, the party's balance sheet does not look as strong as it has in recent years.
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