Wednesday, January 26, 2011

War Chests For 47th & 48th Ward Candidates

Here's some lookie-loo financial disclosure facts for the campaign money in the 47th and 48th Ward aldermanic races:

47th Ward:
  • Tom Jacks -- we could find no filings on the Board of Elections website
  • Friends of [Tom] O'Donnell -- no D-2s; $9,500 in new donations on his A-1s since 1/21/11
  • Renew Chicago-Ameya Pawar -- $5,008.25 in donations through the end of 2010; and $8,004.86 available
  • Matt Reichel -- we could find no filings on the Board of Elections website
  • Citizens for Gene Schulter -- even though he's not running, he raised in excess of $120K; available at end of 2010: $217,663.49; investment total: $642,556.92
  • Fun Fact:  You can read in-depth articles about the candidates and campaigns on the Welles Park Bulldog, including one about O'Donnell's "Rose Garden Campaign."
48th Ward:
  • Jose E. Arteaga -- we could find no filings on the Board of Elections website
  • Phil Bernstein -- we could find no filings on the Board of Elections website
  • Steven Chereska -- filed statement of organization; no financial filings
  • Patrick McDonough -- we could find no filings on the Board of Elections website
  • Neighbors for Harry Osterman -- $100,532.96 in donations and $60,309.71 available as of 12/31/2010; $12,000 in new donations on his A-1s since 1/8/11
  • Fun Fact:  The Tribune interviewed the candidates today; you can read it here.

2 comments:

  1. What happens to unused campaign funds? For example Schulter. Or, for example, in the off chance he doesn't make it back on the ballot,the $11M+ Rahm raised.

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  2. Driftin:

    In some cases, for older warchests, some of the unused money can be converted to income for the candidate. Schulter for example can claim about $200K. Check out our site (wellesparkbulldog.com) for the exact amount for Schulter (Search "Schulter").

    Otherwise, there are three things that can be done:

    1) Return the money to contributors
    2) Use the money for other political purposes (requires a transfer and is reported to the State Bd of Elections)
    3) Use the money for charitable purposes.

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