Michigan’s Gubernatorial candidates announced their campaign fundraising numbers, and Congressman Pete Hoekstra’s aren’t pretty. According to the finance report released by his campaign, Hoekstra raised $475,070, spent $305,296 and had $170,511 on hand as of 12/31/09, f 2009. Hoekstra claimed in a press release to have raised an overall amount of $758,734, but that included $276,690 in public funds he applied for Friday 1/29.
Rick Snyder and Mike Cox are the clear monetary front-runners, with $3.2MM and $1.8MM, respectively, however a substantial majority of Snyder’s cash, $2.6MM, came from his own pocket.
Michigan law says gubernatorial candidates may take $2 in public funds for every $1 they raise in contributions of $100 or less from state residents once they reach the $75,000 mark. Each candidate may receive up to $990,000 in public funds for the primary election if there’s enough money in the state fund, but are then limited to spending about $2 million in the race.
Snyder is the only candidate so far to say he won’t be taking public funds.