Wednesday, May 09, 2018

1Q Gubernatorial Campaign Finance Reports


The 1st Quarter campaign finance reports have been submitted and posted on the Oklahoma Ethics Commission website. We'll look at the gubernatorial race in this post. All figures below are campaign-to-date, and may include in-kind contributions or expenditures. A new addition for this post will be their campaign "burn rate".

REPUBLICANS
Total Raised: $9,631,483.38
Total Spent: $4,196,573.75
Total Cash-on-Hand: $5,268,120.77
Burn rate: 44.34%
Todd Lamb
Total raised: $3,454,637.80
Total spent: $1,033,421.28
Total cash-on-hand: $2,392,784.26
Burn rate: 30.16%

Kevin Stitt
Total raised: $3,091,136.66 (includes $1,500,000 loan)
Total spent: $1,421,321.59
Total cash-on-hand: $1,595,276.76
Burn rate: 47.12%

Mick Cornett
Total raised: $1,574,727.65
Total spent: $727,719.21
Total cash-on-hand: $797,787.96
Burn rate: 47.65%

Gary Richardson
Total raised: $1,208,593.55 (includes $1,000,000 loan)
Total spent: $811,186.98
Total cash-on-hand: $392,557.79
Burn rate: 67.39%

Dan Fisher
Total raised: $230,697.24 (includes $20,000 loan)
Total spent: $177,802.47
Total cash-on-hand: $46,083.21
Burn rate: 79.42%

Gary Jones
Total raised: $71,690.48
Total spent: $26,766.16
Total cash-on-hand: $43,630.79
Burn rate: 38.02%

Of the GOP candidates, Todd Lamb has the lowest burn rate at just a hair over 30%. Stitt and Cornett are right under 48%, while Richardson is at 67%. Stitt and Richardson have combined to write $2.5M in personal loans to their campaigns, so in one respect the burn rate may not mean much for them. Dan Fisher has the highest burn rate at almost 80%, leaving his campaign mostly out of money for the final weeks. Gary Jones has the second lowest burn rate, but by far the lowest fundraising at less than $75K.

DEMOCRATS
Total Raised: $1,206,329.11
Total Spent: $862,406.88
Total Cash-on-Hand: $333,272.81
Burn rate: 72.13%
Drew Edmondson
Total raised: $1,146,024.47 (includes $50,000 loan)
Total spent: $809,668.38
Total cash-on-hand: $326,023.17
Burn rate: 71.29%

Connie Johnson
Total raised: $60,304.64
Total spent: $52,738.50
Total cash-on-hand: $7,249.64
Burn rate: 87.91%

Both Democratic candidates have very high burn rates. Edmondson is the heavy favorite in this primary, but will likely head into the general election having exhausted most of his campaign money.

LIBERTARIANS
Total Raised: $18,387.56 ($10,400 in-kind)
Total Spent: $4,469.53
Total Cash-on-Hand: $3,658.24
Burn rate: 56.24%
Chris Powell
Total raised: $4,467.88
Total spent: $1,312.94
Total cash-on-hand: $3,020.59
Burn rate: 30.3%

Rex Lawhorn
Total raised: $2,189.54
Total spent: $910.34
Total cash-on-hand: $464.66
Burn rate: 76.18%

Joseph Maldonado
Total raised: $11,730.14 (~$9,300 in-kind)
Total spent: $2,246.25
Total cash-on-hand: $172.99
Burn rate: 92.85%

Money-wise, Chris Powell is far and away the leader in the Libertarian primary, having raised more cash than Rex Lawhorn and Joseph Maldonado (aka Joe Exotic) combined.

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