Which Candidates Are Financing Their Own Campaigns This Year? | Politics | Seven Days | Vermont's Independent Voice
Pin It

Which Candidates Are Financing Their Own Campaigns This Year? 

Local Matters

It takes money to run for office, and when campaign donations come up short, candidates often tap into their own funds. In 2010, Peter Shumlin memorably dipped into his then-$900,000 annual income to loan his gubernatorial campaign $275,000. This year, Shumlin’s Republican challenger, retired Fidelity executive and state Sen. Randy Brock, loaned his campaign $300,000 — 43 percent of all the money he’s taken in. In 2011, Brock reported income totaling $268,000.

Sometimes campaign loans are paid back with future contributions, but often wealthy candidates end up “forgiving” the money they loan their campaigns — making them, in essence, high-dollar gifts. That can give well-heeled candidates with money a distinct advantage, which directly affects the demographic makeup of state government.

Who else is self-funding their campaigns this year — either with loans or direct contributions? Seven Days analyzed the most recent fundraising reports for candidates running for statewide office and state Senate — the races that require the most money to win. One theme jumped out immediately: Most self-funders are candidates challenging incumbents or those battling for open seats without name recognition or easy access to donations from political action committees, businesses and lobbyists.

Click on the graphic to see a larger version.

Did you appreciate this story?

Show us your ❤️ by becoming a Seven Days Super Reader.

Got something to say? Send a letter to the editor and we'll publish your feedback in print!

Pin It

More by Andy Bromage

About The Author

Andy Bromage

Andy Bromage

Andy Bromage was a Seven Days staff writer from 2009-2012, and the news editor from 2012-2013.


Subscribe to this thread:

Add a comment

Seven Days moderates comments in order to ensure a civil environment. Please treat the comments section as you would a town meeting, dinner party or classroom discussion. In other words, keep commenting classy! Read our guidelines...

Note: Comments are limited to 300 words.

recent comments

Keep up with us Seven Days a week!

Sign up for our fun and informative

All content © 2019 Da Capo Publishing, Inc. 255 So. Champlain St. Ste. 5, Burlington, VT 05401
Website powered by Foundation