Senatorial Campaign Committees Chip Away at Debts
Posted at 2:45 p.m. on July 20, 2013
The Republican and Democratic senatorial campaign committees continued in June to chip away at paying down their outstanding debts leftover from the 2012 elections.
The Democratic Senatorial Campaign Committee reported raising $5,282,765 in June, including $4.6 million from individuals and $669,750 from PACs and other committees. The committee spent $5,206,276, including $980,216 in transfers to other committees, $695,848 spent on independent expenditures opposing Massachusetts Republican Gabriel Gomez and $1,250,000 for repayment of outstanding loans. The committee had $9,31,678 cash on hand as of June 30 along with $11,250,000 in debts owed to Bank of America.
Selected major donors included the Khosla family of Portola Valley, Calif., giving $194,400. Six members gave $32,400 each, including Anu Khosla (coordinator, How About We); Neal Khosla (student), Neeru Khosla (executive director, CK12 Foundation), Nina Khosla (not employed), Vani Khosla (student), and Vinod Khosla (venture capitalist, Khosla Ventures).
The National Republican Senatorial Committee reported raising $3,657,805 in June, including $2.7 million from individuals and $408,500 from PACs and other committees. The committee spent $3,623,833, including $407,500 transferred to other committees ($400,000 to Massachusetts Republican Party), and $1.5 million for repayment of outstanding loans to Wells Fargo Bank. The committee had 7,041,340 cash on hand as of June 30 along with $6,500,000 in outstanding loans to Wells Fargo Bank.
Selected major donors include 14 executives at Elliott Management Corporation of New York City giving $186,000. Twelve executives each gave $15,000 with one giving $1,000 and another giving $5,000. The Ciciora family of Salina, Kan., gave $162,000. This included $32,400 each from Amanda Ciciora, Courtney Ciciora, Jack Ciciora, John Ciciora and Susan Ciciora. No employers or occupations were disclosed for any of them.