Himes' fundraising outstrips GOP rivals
Published 6:24 am, Tuesday, April 17, 2012
WASHINGTON -- U.S. Rep. Jim Himes, the two-term Democratic House member from the 4th Congressional District in southwestern Connecticut, surged ahead of his two leading Republican competitors in fundraising during the first quarter of this election year, according to federal reports released Monday.
In the most important category in the campaign money chase, cash on hand, the incumbent House member reported $1.3 million as of March 31.
His two leading Republican challengers in the district trailed far behind. Stephen Obsitnik, a Westport businessman and educator, reported cash on hand of $558,445, and Christopher Meek, a Stamford financial executive, reported having $53,178.
Himes, a member of the House Financial Service Committee, also out-distanced his opponents on the top-line measurement of net contributions for the three months, raising $389,983 in net contributions to bring his total for the election cycle to $1.67 million.
Obsitnik raised $237,129 in net contributions for the three-month period, bringing his total for the cycle to $489,567.
Meek was a distant third, raising $61,825 for the period, for a total of $194,114 for the cycle.
The cash-on-hand account is widely considered the most powerful measure of a campaign war chest because it is at the ready to pay for campaign staffing, advertising, fundraising and other costs.
On the other hand, it does not account for campaign debt.
In that department, Himes also was the leader, reporting campaign debt of $270,001 as of March 31. Obsitnik's campaign had debt totaling $133,793, while Meek's campaign reported it was $158,000 in debt.