Comparing the April finance reports

In my roundup of April finance reports for Congress, I said I’d do a comparison of the 2018 numbers to 2020. I’m a blogger of his word, so let’s have that look.


Dist  Year Name             Raised      Spent    Loans    On Hand
=================================================================
02      18 Litton          546,503    304,139        0    242,363
02      20 Ladjevardian  1,133,296    930,810   50,000    202,485

03      18 Burch           104,700    116,639   25,649     14,085
03      18 Johnson          62,473     59,143    3,100      6,490
03      20 McCaffity       387,506    313,098        0     74,407
03      20 Seikaly         252,591    232,038    3,000     20,552

06      18 Sanchez         241,893    188,313        0     56,456
06      18 Woolridge        75,440     45,016   15,000     47,708
06      20 Daniel          196,861    187,942    7,500      8,918

10      18 Siegel           80,319     65,496    5,000     19,823
10      18 Cadien
10      20 Siegel          664,291    542,317   10,000    125,464
10      20 Gandhi        1,011,877    948,927        0     62,949

21      18 Kopser        1,100,451    846,895   25,000    278,556
21      18 Wilson           44,772     51,041   26,653     20,384
21      20 Davis         3,047,765  1,094,009        0  1,953,755

22      18 Kulkarni        178,925    158,369   35,510     56,067
22      18 Plummer         108,732     99,153        0      9,578
22      20 Kulkarni      1,564,263  1,226,088        0    365,942

23      18 Ortiz Jones   1,025,194    703,481        0    321,713
23      18 Trevino          16,892     20,416    3,285      3,915
23      20 Ortiz Jones   3,310,358  1,024,041    3,024  2,377,835

24      18 McDowell         33,452     16,100        0     17,470
24      20 Olson         1,231,183  1,028,804   20,000    202,378
24      20 Valenzuela      647,105    506,708        0    140,397

25      18 Oliver           78,841     37,812    3,125     40,860
25      18 Perri           139,016    133,443   24,890     30,603
25      20 Oliver          464,623    427,972    2,644     36,651

31      18 Hegar           458,085    316,854        0    141,240
31      18 Mann             56,814     58,856    2,276          0
31      20 Mann            277,815    278,885   44,500        367
31      20 Imam            363,194    223,126  100,000    140,068

I included losing candidates from primary runoffs in 2018 as well, as they were still in the race at that time. I did not include the high-dollar races in CDs 07 and 32 – Lizzie Fletcher and Laura Moser had each raised over $1M by this point, with Colin Allred and Lillian Salerno combining for close to $1.4M – because I wanted to focus only on challengers. Reps. Fletcher and Allred are doing quite well in this department now, they’re just in a different category. It’s clear there’s a lot more money now than there was in 2018, which I attribute mostly to the national Democratic focus on many of these races. Only CDs 03, 06, and 25 are not official targets, but any of them could get bumped up if the environment gets more favorable or the nominees step it up another level. Both CD03 candidates and the 2020 version of Julie Oliver are well ahead of the 2018 pace, while Stephen Daniel was a later entrant in CD06 and may catch up in the next report.

We eventually got used to the big numbers from 2018, which I repeatedly noted were completely unprecedented for Democratic Congressional challengers in Texas, and so there’s less of an “ooh, ahh” factor when we look at this year’s numbers, but let’s not totally lose our ability to be wowed. Joe Kopser raised a ton of money in 2018, and Wendy Davis has left him in the dust, taking in three times as much at this point. Sri Kulkarni has nearly matched his entire total from 2018, while Gina Ortiz Jones is doing to herself what Wendy Davis is doing to Joe Kopser. Throw in Sima Ladjevardian and both Kim Olson and Candace Valenzuela, and wow. We do need to appreciate where we are now, because there was a long time when anything like this would have been unthinkable. Hell, you can count on one hand the number of statewide candidates from 2004 to 2016 who raised as much as these Congressional candidates have done so far.

There’s also a lot more spending, as four candidates have already dropped a million bucks, with Ladjevardian and Pritesh Gandhi not far behind. Those two plus Sri Kulkarni and Kim Olson were in competitive primaries, with Olson and Gandhi in the runoffs, while Wendy Davis and Gina Ortiz Jones had much less formidable opposition. I have to assume the latter two did most of their spending with an eye towards November.

I will admit that some of the cash on hand totals from this year’s report had me nervous, but doing this comparison mostly alleviates those concerns. I am of course still worried about the environment for raising money now, but there’s only so much one can worry about it, and as we saw in the previous post there was no noticeable slowdown for the month of March. We’ll see what the July numbers look like.

If there is a cause for concern, it’s in CD31, which has been a soft spot in the lineup from the beginning. Christine Eady Mann and Donna Imam seem to have finally hit a stride in fundraising after the entire field, including several who dropped out along the way, got off to a slow start, though Mann continues a pattern from 2018 of spending every dollar she takes in. Neither has matched MJ Hegar’s pace from 2018, and I seriously doubt they’ll do any better going forward. That’s a high hurdle to clear – Hegar eventually raised over $5 million – but I’m more hopeful now that whoever emerges in that race can at least be competitive.

The next finance reports of interest will be the 30-day reports for state candidates, and then the June reports for county candidates. You know I’ll be on them when they come out. As always, let me know what you think.

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