News Releases, Media
For Immediate Release: Contact: Ian Stirton May 8, 1998 Ron Harris Sharon Snyder Kelly Huff
WASHINGTON - Campaign receipts of U.S. Senate and House candidates increased $41 million, or 14%, during the first 15 months of the 1997-98 election cycle compared to the same period in 1995-96, according to a compilation released today by the Federal Election Commission.
The FEC found that 1509 Senate and House candidates raised $338 million and spent $185 million. From January 1, 1997, through March 31, 1998, 166 Senate candidates raised $140.3 million and spent $70.9 million, while 1,343 House candidates raised $197.9 million and spent $113.9 million.
The following table details a 15-month comparison of campaign activity for Senate and House candidates in the last five election cycles:
Cycle Candidates Receipts Disbursements Cash on Hand 97-98 1509 $338.9 $185.5 $236.5 95-96 1839 $297.0 $177.8 $169.8 93-94 1881 $253.9 $163.6 $140.6 91-92 2053 $247.5 $170.1 $160.4 89-90 1269 $192.5 $126.6 $138.5 (figures in millions)Contributions from individuals continue to be the largest source of campaign funds. For the first 15 months of the 1997-98 cycle, individual contributions totalled $192.9 million, or 57% of monies raised. PAC money accounted for $84.5 million, or 25%. Candidate money, either in the form of direct contributions or loans, totalled $40.7 million, representing 12% of total revenues.
Receipts for 1998 Senate races increased for both parties, as competitive races took shape in many large population states, such as California, New York and Florida. Cycle -to- cycle comparisons of Senate activity are difficult because, unlike House races, different seats in different states are up for election each cycle.
In the House, fundraising increased for Democrats, while remaining nearly unchanged for Republicans. The FEC also found that 478 major party challengers in House races raised $26.4 million, a 17.5% decline from 1996 levels. The number of House challengers whose receipts have exceeded $50,000 also declined, from 173 at this point in 1996, to 121 in 1998. The 403 House incumbents, however, raised $137.9 million, 9% more than in the previous cycle.
Tables attached to this release offer summary data for Senate and House candidates by political party, as well as by candidate status (incumbent, challenger, or open seat). Also included are rankings of Senate and House candidates for the following categories: receipts, individual contributions, PAC or other committee contributions, disbursements, cash-on-hand and debts. Six-year financial summaries of 1998 Senate candidates, as well as current cycle financial summaries for each House race are also attached. Financial information on House special elections is separately listed.
The data contained in this release are also available on the Internet. The FEC address on the World Wide Web is http://www.fec.gov. Look for downloadable data bases under Financial Information for Candidates, Parties, and PACs. This release is also under News Releases and Media Advisories.
DEM - Democrat LIB - Libertarian
DFL - Democrat/Farmer/Labor (MN) PAF - Peace and Freedom
REP - Republican IND - Independent
RTL - Right to Life LBL - Liberal