ELEC: HCDO is only Dem committee in N.J. with campaign debt,

ELEC: HCDO is only Dem committee in N.J. with campaign debt, in the red about $124k


Hudson County View
By John Heinis/Hudson County View
” … Hudson County Democrats have a negative net worth when debts they owe are subtracted from their cash-on-hand,” ELEC said in a statement today, also noting that the figures used for this statewide study should be considered preliminary.
While the HCDO reports $14,404.92 cash on hand in their July 15th report with the agency, ELEC notes that they have $138,774.40 of debt and therefore are in the red $124,369.48.
“Cash-on-hand is an important barometer of a political committee’s financial strength,”
noted ELEC Executive Director Jeff Brindle.
“While overall county party fund-raising has been lagging largely due to the pandemic, the collective war chest of more than $3 million is certainly respectable at this point in the election year.

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