Majority of contributions in Congressional election come from out of district
Sep 19, 2018 11:11 am
Andrew Solender reports in City and State that three-fourths of donations to John Faso and Antonio Delgado, the major party candidates running in the 19th Congressional District election this November, have come from out of the district. A third of their fundraising totals – Delgado has raised $2.7 million and Faso $2.3 million – comes from outside New York state. But Delgado only gets seven percent of donations from political action committees, and just over half of his donations are over $1,000. Several employees at his former law firm Akin Gump, have donated nearly $200,000 to him, which is the largest single group donating to the Democrat. By contrast, 35 percent of Faso's fundraising comes from PACs, and 50 percent of his contributions are over $1,000. Faso has received $271,000 from the financial sector, his largest source of money. Diana and Robert Mercer, the billionaire backers of Steve Bannon and Brexit, hedge fund manager Daniel Loeb, and three members of New York City’s billionaire Tisch family are Faso's largest contributors, according to City and State. "The only people I am beholden to are the people right here in our district,” Delgado said, despite the amount of money he has raised from outside the district. Delgado also is not quite truthful saying, “we have taken a pledge not to take any corporate PAC money, unlike my opponent John Faso.” Faso’s campaign would not comment. Read the full story in City and State.