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U.S. Rep. Vern Buchanan raised greater than $165,000 within the fourth quarter of 2023. That far eclipses the lower than $12,000 raised by his GOP Major opponent over the identical time.
However due to a $500,000 funding in his personal marketing campaign, Bradenton Republican Eddie Spier closed the yr with greater than $489,000 in cash on hand. Relying how a lot he’s able to spend, it may press the incumbent to faucet into his personal battle chest.
On that entrance, Buchanan seems able to face a menace. His marketing campaign reported almost $1.57 million in money itself, a lot of that amassed earlier than this election cycle.
Spier introduced in June he would run towards Buchanan, who’s searching for his tenth time period in Congress. However since that time, he’s solely pulled in about $22,000 in exterior funding. The $500,000 candidate mortgage invested originally of the marketing campaign stays the chief contribution to his coffers.
He’s additionally invested about $95,000 into marketing campaign prices up to now.
Buchanan, the wealthiest member of Florida’s Home delegation, has proven a willingness to bankroll aggressive campaigns. However his marketing campaign account as we speak stays debt-free.
He serves now as Vice Chair of the highly effective Home Methods and Means Committee, and was in contention for Chair heading into the present Congress.
He’s already spent greater than $970,000 on his re-election marketing campaign. The fundraising exercise by the top of the yr exhibits his plans to remain in his seat.
Buchanan final yr fended off a Major problem from Martin Hyde, profitable a large 86% of the vote in Florida’s sixteenth Congressional District, operating underneath the identical district traces.
He cruised to re-election after that over Democrat Jan Schneider, who’s once more operating this cycle.
However Schneider has accomplished little fundraising up to now this time round, and none within the fourth quarter. She’s raised $850 by the course of the cycle.
With funding from prior cycles, she closed the yr with about $32,000.
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