Lamontagne Holds Big Cash On Hand Lead; Dems Nearing Bankruptcy

They’ve been campaigning for a nearly a year, but only now have candidates for governor and state offices had to publicly disclose their fundraising prowess – or lack thereof.

Republican Ovide Lamontagne reinforced his position as front-runner, raising more than any other candidate. Lamontagne reported raising $1,184,201 campaign to date and $718,363 cash on hand.

Republican Kevin Smith reported $324,038 raised and $101,123 cash on hand, leaving Lamontagne with a 7:1 advantage in cash on hand with less than three weeks until the primary. $91,500 of Smith’s money – or 28% of his total raised – came from series of related LLCs located at the same address in Westborough, Massachusetts.

Democrat Maggie Hassan has out-raised her primary opponent, Jackie Cilley, by more than 3:1, $930,136 to $233,165. But Hassan has spent nearly all of that and has just $101,123 on hand. Cilley has $52,472 left. Hassan’s underwhelming numbers raise new doubts about whether she will have the resources to fight off Cilley’s challenge from the left down the stretch.

This sets up a scenario in which the eventual Democratic nominee is likely to be bankrupt the day after the primary. For perspective, Executive Council candidate Colin Van Ostern ($124,000) has more cash on hand than either Democratic gubernatorial candidate., August 23, 2012. Cullen is a Lamontagne supporter.

Author: Fergus Cullen

Fergus Cullen is a former chairman of the New Hampshire Republican Party (2007-2008) and an editorial page columnist for the New Hampshire Union Leader.

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