Daily News | Big money is flooding into the Philly mayor’s election. Here’s how it’s shaping the race.
Still, the big checks flooding into this year’s election are making it difficult for even some of the serious contenders to keep up.
Our analysis includes funds raised by candidates in 2022 before they officially announced their runs, since that money was available to them and was reported in their filings. The analysis excludesSelf-funding — especially by Allan Domb — has redefined the money race in Philadelphia’s campaign finance laws. That rule doubles the maximum size of donations that candidates can collect from donors, allowing this year’s contenders to take in checks of up to $6,200 from individuals and $25,200 from political action committees.
In late 2022, Domb’s campaign was burning through cash, spending at a far faster clip than any other campaign, and without the fundraising to pay for it. But on Dec. 31, Domb, giving him wide latitude to keep spending. Then, in March, he wrote himself an additional $2 million check, replenishing his coffers.
Still, it remains to be seen what the impact of all that money will be. Domb lags other candidates in endorsements, and past self-funders have sometimes been more successful in gaining attention than support.by a candidate in a losing race, effectively spending $150 per vote for a second-place finish.No matter how effective campaigns are at soliciting big donors, they’re constrained in one important way: By law, donors are only allowed to give a certain amount to a campaign.
Gym’s campaign this year has spent about $128,000 airing ads. But a super PAC backing her has already spent nearly five times that amount. The PAC’s spending got pro-Gym ads on TV while the campaign was able to stockpile money for the home stretch of the race.
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