Analysis: NY political money gushing to campaigns
Posted at: 07/21/2012 1:04 PM
By: Associated Press | WHEC.com
New York Governor Andrew Cuomo already has a massive campaign fund two years before he runs again, while Senate and Assembly majorities also have strong fundraising advantages.
Cuomo reports $19.3 million in his account, after raising $5.7 million in the last six months from his usual sources of real estate developers and big corporations. In 2010, he spent just over $20 million to win the office, and now he has the power of incumbency to disperse state money and grab media exposure.
In the races for 213 legislative seats this fall, money for staffing and reaching voters is critical for challengers.
In the fight for control of the Senate, now held by Republicans, GOP campaigns have a total of $20.3 million compared to the Democrats' $3.8 million.