SC Gubernatorial Money Race
S.C. Gov. Nikki Haley was out-raised by her Democratic rival during the second fundraising quarter of 2014, although she still enjoys a substantial advantage in cash on hand.
Haley reported donations of nearly $620,000 on her latest report – but $47,000 of that total came in after the June 30 deadline. That means Haley’s second quarter total was approximately $573,000. Meanwhile presumed Democratic nominee Vincent Sheheen raised a little more than $611,000 during the second quarter, which runs from April through June.
In addition to raising more money, Sheheen’s campaign spent less – much less. The Democratic Senator’s expenses for the last quarter totaled a little less than $41,000 (6.7 percent of what he raised), while Team Haley spent a whopping $173,000 (30 percent of what she raised).
Obviously Haley’s high “burn rate” will be something to keep an eye on as this campaign heats up …
Republicans pounced on Sheheen’s report, noting that more than $225,000 of his haul came from attorneys.
“He’s nothing but a tool of the trial lawyer lobby – another attorney getting rich off of frivolous lawsuits,” one GOP operative told FITS.
While Sheheen bested Haley in second quarter donations – and ran a much tighter ship – Haley has a tremendous head start in the 2014 money race. The “Republican” incumbent boasts $2.4 million in cash on hand, compared to Sheheen’s $571,000. Haley also has a third party political action committee – The Movement Fund – working on her behalf.