The answer, in this case, is “when you can’t spend it.”
I’m referring to the maximum allowable individual contribution to a Congressional candidate, which is $2,900 for a primary campaign and another $2,900 for the general election. Candidates can collect both amounts before the primary, but they aren’t allowed to spend the second $2,900 until after the primary.
Well, in most cases it’s $2,900 twice. Some give the full $2,900 for the primary and some lesser amount for the general. All gifts are notated “Primary” or “General” in Federal Election Commission filings. But the gifts earmarked “General” still count towards a candidate’s total haul and cash on hand.
Should it? It’s arguable, but it’s the rules. Let’s set up a second category for primary dollars only and call it “effective cash on hand.”
This is kind of splitting hairs in the case of Republican Senate candidate Christina Nolan, who is the overwhelming favorite to win her primary. As reported previously, $37,700 of her cash on hand cannot be spent until the general election because nine of her donors gave more than $2,900 apiece. But at least she will get to spend that money… eventually.
That is decidedly not the case in the Democratic primary for U.S. House. It appears to be a close and lively contest among three leading candidates: Senate President Pro Tem Becca Balint, Lt. Gov. Molly Gray, and state Sen. Kesha Ram Hinsdale. One of them will get to spend those general election dollars; the other two will not.Continue reading