Lt. Gov. Mead Treadwell, who is running in the Republican primary to replace Democratic U.S. Sen. Mark Begich, has much going for him. He’s a long-time Alaskan, for one. He’s knowledgeable on Arctic issues, and he’s already won a statewide election.
According to FEC reports, however, raising money isn’t one of his strengths. His campaign spokesperson said that things have picked up since the last filing period, which is from July 1 to Sept. 30, when he raised $196,000.
“Our campaign finances are just fine,” Treadwell’s campaign spokesperson
manager Fred Brown said. “We have improved each quarter and will undoubtedly have the resources to not only win the primary but replace Mark Begich in November.”
But unless things have turned around significantly for Treadwell the last two months, it appears that his campaign is underwater financially.
During the last quarter, Treadwell raised $196,000, leaving him with about $154,000 on hand. However, his debts and a campaign loan total $50,000. Too, $26,700 of that money is designated for the general election, meaning that it’s earmarked to be used after the primary.
As of Sept. 30, he only had $43,300 cash on hand. During this period, he appeared to be spending roughly $57,000 a month.
U.S. Sen. Mark Begich raised $813,000 during the same time period, and ended the period with $2.4 million cash on hand.
Dan Sullivan, who is also running, didn’t enter the race until Oct. 15 and therefore didn’t fill out a report. Joe Miller, the other candidate, only raised $31,900 from individuals this year.
A few things to note: At the end of September, Treadwell hired national high-powered fundraiser Lisa Spies who has organized fundraisers all across the country for Treadwell. The spoils of her efforts won’t be clear until the next filing date, which is in mid January. But Treadwell has also beefed up staff and taken on other substantive expenses since the reporting period.
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Correction: The original article said that Fred Brown was Treadwell’s campaign manager. He’s his spokesperson.