July 16, 2010

U.S. Rep. Lee Terry’s campaign heads into the key 100-day sprint to November leading his opponent in all key indicators of fundraising support—total amount raised for the cycle, total raised for the most recent quarter and the important “cash on hand” amount.

Terry’s filing with the Federal Election Commission shows he has raised $1.3 million for the 2010 election cycle and heads into the 100-day sprint with $787,000 in cash on hand. This is a quarter of a million dollars more than his opponent and represents a new record for Terry, besting his June 30, 2008, cash total of $617,000.

In the most recent quarter (April 1—June 30), Terry’s campaign raised $300,000, exceeding the $200,000 he raised in the prior quarter (Jan. 1—March 30). His opponent, on the other hand, is raising less than before: $140,000 in the second quarter versus $150,000 in the first quarter.

“The report s show that Congressman Terry’s fundraising is expanding while Mr. White’s is contracting,” said David Boomer, Terry’s campaign manager.

As to cash on hand—a key benchmark of a campaign’s ability to conduct a credible campaign—the gap between Terry and White continues to widen in Terry’s favor. At the end of the first quarter, Terry had $173,000 more in cash than White. This has increased to $255,000 as a result of Terry’s strong showing in the June 30 quarter.

Nearly 2,000 individuals have contributed to Terry’s campaign this election cycle.

Boomer said the fundraising trends are working against challenger White: “He needed to raise more than Lee Terry this quarter, but didn’t. He needed to close the cash gap this quarter, but didn’t—it actually got worse for him. Mr. White is falling further and further behind as time begins to run short.”



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