Tuesday, October 15, 2019

BREAKING: Rep. Schweikert's Campaign Sinks Into Red Ink As Ethics Probe Legal Bills Spike

(NOTEThis is a developing story and more details are being added. Arizona's Politics' reporting on all 3rd quarter finance reports can be found here.)

Arizona Rep. David Schweikert's (R-CD6) campaign committee sank back underwater in the 3rd quarter, as legal bills related to the lengthy ethics probe spiked. Perhaps even worse, his campaign fundraising plummeted in the just-completed third quarter.

Although he raised $136,000, the campaign spent $162,000 and incurred other bills that it had not paid as of September 30. While the below snapshot shows cash on hand on $144,000, it does NOT show that the debts owing were more than $186,000.

Schweikert's committee was underwater after the 1st quarter, but got its head above water at the end of the 2nd quarter. With more than $192,000 in legal bills incurred between July 1 and September 30, it is easy to see how things are worse now for the longtime Congressman than they have ever been.

Legal bills to the Congressman's Committee exceeded $192,000 in the 3 months ended Sept. 30. It brings his total legal bills related to the probe to more than $869,000 $852,000.*

It also indicates that the probe is inhibiting the fundraising abilities for a member of the powerful Ways and Means Committee. His receipts plummeted this quarter after suffering only a slight dip in the previous quarter. For the first three quarters of 2019, they have gone from $248k to $237k to this $136k.

Schweikert has no announced Republican opponents in next year's election, but several Democrats are vying for that party's nomination. Democrat Hiral Tipirneni raised $333k this past quarter and  has more than $600k in cash on hand.

*After auditing and re-auditing the Schweikert campaign's reports, some confusing entries were changed and the final total was reduced from approximately $869,000 to $852,251.

If you would like to show your appreciation for Arizona's Politics reporting, please consider donating to our pool to support OTHER journalism-related nonprofits.  

We welcome your comments about this post. Or, if you have something unrelated on your mind, please e-mail to info-at-arizonaspolitics-dot-com or call 602-799-7025. Thanks.

No comments: