{"id":9947,"date":"2018-03-22T07:00:16","date_gmt":"2018-03-22T11:00:16","guid":{"rendered":"https:\/\/www.theseventhstate.com\/?p=9947"},"modified":"2018-03-21T17:57:28","modified_gmt":"2018-03-21T21:57:28","slug":"krasnow-to-pass-leventhal-in-cash-balance","status":"publish","type":"post","link":"https:\/\/www.theseventhstate.com\/?p=9947","title":{"rendered":"Krasnow to Pass Leventhal in Cash Balance"},"content":{"rendered":"

By Adam Pagnucco.<\/em><\/p>\n

Tracking fundraising for publicly financed candidates is challenging because it is a moving target.\u00a0 Unlike traditional candidates, who file according to the state\u2019s regular reporting schedule<\/a>, publicly financed candidates report whenever they ask for public contributions in addition to scheduled filings.\u00a0 So at any one time, the latest tabulations are snapshots taken at different dates.\u00a0 With all of that said, the latest reports for County Executive candidates show two things.\u00a0 First, Council Members Marc Elrich and George Leventhal, both of whom have been involved in local politics for decades, have done very well in public financing.\u00a0 But second, former Rockville Mayor and planning staffer Rose Krasnow, who started much later than either of them, is about to pass Leventhal in cash balance.<\/p>\n

In explaining the above statement, let\u2019s review how to read campaign finance reports.\u00a0 Candidates in the traditional system report the equivalent of a cash flow statement.\u00a0 They list a starting cash balance, money coming in, money going out and an ending cash balance.\u00a0 That\u2019s it.\u00a0 Publicly financed candidates list those things too, but they also report the amount of new public contributions they are requesting.\u00a0 Those contributions have not been received and are thus not part of the ending cash balance.\u00a0 They might show up on the next statement, provided that the state approves the requested contribution and does not change the amount.\u00a0 (In fact, the state can and does change requested public contributions after reviewing them and even sometimes disqualifies them<\/a>.)<\/p>\n

On March 6, Krasnow reported a cash balance of $41,668 and had two outstanding requests for public contributions totaling $245,794.\u00a0 If those requests are met, her cash balance will be $287,462 (minus any future spending).\u00a0 On March 20, Leventhal reported a cash balance of $198,585 and had two outstanding requests for public contributions totaling $53,500.\u00a0 If those requests are met, his cash balance will be $252,085 (minus any future spending).\u00a0 In other words, Krasnow is on pace to have roughly $35,000 more in the bank than Leventhal.<\/strong><\/p>\n

We show the latest financial standings for all seven Executive candidates below.\u00a0 Note the differences in last date filed.<\/p>\n

\"\"<\/a><\/p>\n

There are two reasons why Krasnow is about to pass Leventhal in cash balance.\u00a0 First, she qualified for public funds in 109 days, much faster than either Leventhal (278 days) or Elrich (209 days).\u00a0 Second, she has not started to spend serious money yet.\u00a0 Her burn rate (total spent divided by total raised) is just 9%.\u00a0 Leventhal\u2019s burn rate is 48%, meaning that he has spent almost half the money he has raised.\u00a0 Leventhal has raised more money than Krasnow and has a much more geographically diverse base of support<\/a>.\u00a0 But his decision to spend big early has allowed Krasnow to vault past him in just five months.<\/p>\n

Meanwhile, Marc Elrich keeps chugging along.\u00a0 He is dominating in small contributions from the critical Democratic Crescent area<\/a> and is cleaning up on progressive endorsements<\/a>.\u00a0 He has a base of supporters among progressives, people who oppose development and Downcounty residents who will never abandon him.\u00a0 So Elrich must be delighted that he is running against five capable candidates who have so far not been able to knock each other out of the race.\u00a0 As long as all five remain viable, Elrich won\u2019t have to add a lot to his existing base to win.<\/p>\n

Disclosure: The author is a publicly-listed supporter of Roger Berliner for Executive<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

By Adam Pagnucco. Tracking fundraising for publicly financed candidates is challenging because it is a moving target.\u00a0 Unlike traditional candidates, who file according to the state\u2019s regular reporting schedule, publicly financed candidates report whenever they ask for public contributions in addition to scheduled filings.\u00a0 So at any one time, the latest tabulations are snapshots taken … Continue reading Krasnow to Pass Leventhal in Cash Balance<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[151,16,84],"tags":[1545,1464,1508,2064],"class_list":["post-9947","post","type-post","status-publish","format-standard","hentry","category-adam-pagnucco","category-george-leventhal","category-marc-elrich","tag-adam-pagnucco","tag-george-leventhal","tag-marc-elrich","tag-rose-krasnow"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p4mKJE-2Ar","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.theseventhstate.com\/index.php?rest_route=\/wp\/v2\/posts\/9947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.theseventhstate.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.theseventhstate.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.theseventhstate.com\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.theseventhstate.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9947"}],"version-history":[{"count":2,"href":"https:\/\/www.theseventhstate.com\/index.php?rest_route=\/wp\/v2\/posts\/9947\/revisions"}],"predecessor-version":[{"id":9950,"href":"https:\/\/www.theseventhstate.com\/index.php?rest_route=\/wp\/v2\/posts\/9947\/revisions\/9950"}],"wp:attachment":[{"href":"https:\/\/www.theseventhstate.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theseventhstate.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theseventhstate.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}