ALBANY, New York – Gov. Kathy Hochul will report Wednesday having raised $3.3 million for her reelection throughout the second half of 2024.
The New York governor — who has struggled with low approval scores — raised one other $6.7 million for the state Democratic Committee throughout that point, her marketing campaign aide stated.
Hochul has repeatedly set fundraising information throughout her time in workplace, however this isn’t considered one of them — predecessor Andrew Cuomo usually raised about $4 million at this level within the election cycle.
However the governor additionally devoted a lot of final 12 months to elevating extra money for the traditionally moribund state occasion, which has lengthy functioned as little greater than an appendage of a sitting governor’s reelection efforts. And that meant the numbers for that committee have been a lot larger than regular – the $6.7 million compares to $813,000 beneath Cuomo’s management for the latter half of 2020.
Hochul’s marketing campaign committee will report having $15.5 million money readily available; the state occasion could have $2.6 million, the aide stated.
That compares to $16.8 million reported by Cuomo’s marketing campaign account in January 2021 and $513,000 within the Democratic Committee’s coffers.
Hochul raised $53 million for her marketing campaign in 2022, which wound up being a a lot tighter race than New York Democrats are accustomed to. That marked a financial file, although she solely gained the ability of incumbency 15 months earlier than the election.
At present, as she faces a roster of potential challengers for subsequent 12 months’s reelection, she’s working in a brand new marketing campaign finance panorama. Cuomo — who had entry to loopholes that permit him elevate successfully limitless sums from some donors — was in a position to simply elevate as much as $70,000 from every of them. Guidelines that took impact in 2023 cap donations at $18,000.
The state occasion, nonetheless, isnt sure by any new fundraising restrictions. It proved its muster by means of an unprecedented degree of involvement in down-ballot races final 12 months, and Hochul will face few restrictions if she needs to make use of it to lift six-figure checks to bolster her personal reelection efforts.
Lt. Gov. Antonio Delgado, considered one of her potential challengers, plans to report elevating $856,000, a Delgado aide stated. That’s in the identical ballpark because the $832,000 Hochul raised when she was lieutenant governor within the second half of 2020, at a time when few folks seen her as more likely to launch a higher-profile race within the instant future.
