Check’s in the Mail

Gubernatorial candidates filed financial disclosures released last week and much is made of the actual money-in-the bank figure. It’s a safe bet that all the candidates have substantially less in the bank this week than they reported last week.

It’s common practice for campaigns to delay paying out any money in the weeks leading up to a disclosure. Campaign salaries are suspended, bills that can be delayed are, and purchases are deferred. Then once the magic numbers are reported, the campaigns catch up on the money owed.

This boosts the totals they can report to make them more impressive. Candidates don’t have to report again until the end of the year, giving them a lot of time to either build up their coffers or drop out.

© 2009 MetroPulse. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Comments » 0

Be the first to post a comment!

Share your thoughts

Comments are the sole responsibility of the person posting them. You agree not to post comments that are off topic, defamatory, obscene, abusive, threatening or an invasion of privacy. Violators may be banned. Click here for our full user agreement.

Comments can be shared on Facebook and Yahoo!. Add both options by connecting your profiles.