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Thursday, Oct. 24, 2013 12:01 am

Money matters

 Let’s take a quick look at the campaign finance disclosure reports filed last week by some of the statewide candidates, shall we?

• Bill Brady – It goes without saying that the mere $66,104 Brady reported raising during the third quarter was beyond pathetic. But here’s how bad the Republican gubernatorial candidate’s performance really was: Even Sheila Simon outraised him. The notoriously poor fundraiser Simon pulled in over $106K during the quarter. And if it wasn’t for the $200K in leftover funds from his 2010 governor’s race, Brady would’ve reported having just $73K at the end of the quarter. He also spent a bit more than he took in, which isn’t very difficult considering his paltry take.

• Kirk Dillard – The burn rate in Dillard’s GOP gubernatorial campaign fund is pretty significant. Dillard raised $263K, but he spent $290K and ended the quarter with a mere $205K in the bank – the lowest of any other gubernatorial candidate. That’s a big overhead nut to make with such a small cushion and poor fundraising.

• Bruce Rauner – The multi-gazillionaire Republican candidate for governor spent more than $27K just on payroll taxes alone during the third quarter, which gives you an idea of the sort of organization he’s built. By comparison, Gov. Pat Quinn spent $19K on payroll taxes during the quarter, Dan Rutherford reported spending $11K on payroll taxes, Bill Brady reported spending $1,609 and Kirk Dillard reported none.

Rauner also reported spending $800K on advertising, including direct mail, which is slightly less than he spent in the previous quarter. None of his opponents spent more than a handful of dollars on ads – and those were mainly small newspaper or online placements. Since he launched his campaign, Rauner has spent $274K on consultants, with $103K spent just last quarter. Rauner raised about $1.1 million for his gubernatorial fund, spent the same and ended with $594K on hand.

Rauner’s legislative term limits PAC, which is seeking to put a constitutional amendment proposal on the ballot next year, has already paid $114K to a California petition company called Arno Political Consultants. APC has stirred quite a bit of controversy in the past with its petition gathering practices, so we should keep an eye on that. Rauner’s term limits PAC has also spent $38K in legal fees and is renting space from a group called “Catholic Vote.” The term limits PAC raised $606K, spent $152K and had $459K in the bank.

• Dan Rutherford – The Republican state treasurer reported raising $66K in small, “unitemized” contributions for his governor’s race, more than any gubernatorial candidate in either party. Unlike Dillard and Brady, Rutherford has built a solid statewide network to raise money from, so Rauner’s support by all the big money types hasn’t really hurt Rutherford. He raised $337K during the quarter, spent $147K and had $1.2 million in the bank at the end of the quarter.

• Pat Quinn – The incumbent Democratic governor is sitting on the largest war chest of any gubernatorial candidate at just under $3 million (Attorney General Lisa Madigan, who decided to take a pass on a bid, has $4.8 million in the bank after raising just $25K in the third quarter).

His disclosure report also revealed that Gov. Quinn has put Joe Slade White back on the payroll. White designed Quinn’s inexpensive-looking but effective 2010 general election ad campaign. White was paid $10K on Sept. 10, a week before Bill Daley dropped out of the Democratic primary, so Quinn was obviously gearing up to run some ads against his now erstwhile challenger. Quinn spent a total of $51K on consulting services and $34K on salaries during the quarter.

• Tom Cross – The GOP state treasurer candidate opened up a new campaign account in September. That fund pulled in $176K and reported no expenditures. Cross’ state Rep. fund reported $155K in receipts, $195K in expenditures and $150K in the bank.

• Mike Frerichs – The Democratic state treasurer candidate raised $208K and had an impressive $769K cash on hand – more than three of the five gubernatorial candidates. The guy is a fundraising machine.

• Judy Baar Topinka – The incumbent comptroller raised $105K during the quarter, about the same as her Democratic rival Sheila Simon. However, Topinka is sitting on $876,000, while Simon has $295K in the bank.

Rich Miller also publishes Capitol Fax, a daily political newsletter, and CapitolFax.com.

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