According to the latest quarterly reports filed with the New Jersey Election Law Enforcement Commission (ELEC), the two major state parties and four legislative leadership committees have $2.1 million in cash reserves to spend on the fall elections.
The races will decide 80 Assembly seats and one state Senate seat in the 1st Legislative District.
The current total is four percent less than 2015, the most recent time the Assembly was the only legislative house on the ballot. But if the 2015 figure is adjusted for inflation, the gap widens to 11 percent.
“A dollar today has less buying power than four years ago,” said Jeff Brindle, ELEC’s executive director. “So it isn’t good news for party leaders that the combined cash on hand of the Big Six is the lowest in more than a decade for an election year.”
Through June 30, Democrats have raised and spent about twice as much as Republicans and have more than twice the cash reserve. Democrats have controlled both legislative houses since 2001.
State parties and legislative leadership committees are required to report financial activity to the commission on a quarterly basis. The reports are available on ELEC’s.