PACs raise $477.4M in 2005
Federal political action committees (PACs) ended 2005 with record percentage gains in receipts, disbursements and contributions when compared to the last non-election year. They raised $477.4 million dollars this year — 27 percent more than in 2003 — and spent $394.1 million — 37 percent more than in 2003. PAC contributions totaled $140.5 million, up 33 percent from the last non-election year. They also had 23 percent more cash-on-hand and 12 percent less outstanding debt.
The total number of PACs also increased by 320, from 4,023 in 2003 to 4,340 in 2005. Roughly two-thirds of the new committees were nonconnected PACs.
For more information, including breakdowns by party affiliation and PAC type, see the March 8 press release entitled “PAC Financial Activity Surges in 2005".