Some 2011 candidates are relying on personal loans to run early campaigns
10/06/2010 04:52 PM
With less than a month until the 2010 elections, candidates for office this year have been making frantic pushes for last second cash hauls.
And with many high-profile offices on the ballot, those requests for money from supporters has created an interesting situation for candidates running into 2011, forcing many of them to work off personal loans to the campaign, instead of contributions.
Nearly every candidate that has filed with the Kentucky Registry of Election Finance has relied solely, or very heavily, on personal candidate donations to the campaign — except two incumbents, Gov. Steve Beshear and state Treasurer Todd Hollenbach. Both are seeking re-election. Another exception is Republican gubernatorial candidate Phil Moffett, who raised $3,175 in the latest period according to the registry, all from contributions.
But Moffett’s primary opponent, current state Senate President David Williams, has given $100,175 in loans to his campaign since announcing that he formed a ticket with Agricultural Commissioner Richie Farmer. Without those loans, Williams has raised $6,000 in the few weeks since the announcement. Beshear, a Democrat, has raised over $3.1 million since announcing his re-election bid last year, but has been actively fund-raising since then.
Some races, such auditor, haven’t seen a dime raised by either candidate, mainly because both the Democrat, Adam Edelen, and the Republican, John Kemper, just recently announced their intent to seek the office. Another Republican. Bill Johnson, is in a similar boat running for Secretary of State.
All four current candidates running to replace Farmer as agricultural commissioner have solely on personal loans, if they’ve reported any money at all. They include Republican Shelby County Judge-Executive Rob Rothenburger, Democrat and former Montgomery Judge-Executive B.D. Wilson, Stewart Gritton and Robert Farmer.
The reports come as part of the quarterly reports required for 2011 candidates with the state registry.
—Reporting by Kenny Colston
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