Greg Bluestein and James Salzer at the AJC released a story yesterday that shone the light on some financial issues with the Georgia Republican Party. From their story:
“The Georgia GOP filed an end-of-the-year report showing it had $11,403 cash on hand and was $231,000 in debt, in a startling revelation for a party that commanded millions just a few election cycles ago.
[T]he party’s bank account has steadily depleted over the last six years. It had $2 million in the bank at the start of 2010, $844,000 in early 2012 and $425,000 in 2014.”
From the Federal and State reports, which you can see by following the links below, the Federal balance on hand was $19,005.10 with a debt of $125,050.46 and the State balance on hand was $11,403.28 with a debt of $231,162.96.
FEDERAL REPORT OF RECEIPTS AND DISBURSEMENTS
From Party spokesman Ryan Mahoney:
“Under the leadership of Party Chairman John Padgett and Foundation Chairman Jack Kingston, the GAGOP continues to raise money and strengthen relationships with key donors throughout the state and country. Thanks to their hard work and the continued support of so many Georgia Republicans, we will have the resources in place to implement the Party’s 2016 Victory program, protect our U.S. Senate seat, and win back the White House in November.”
Please feel free to speculate, pontificate, and prognosticate in the comment section.