Attorney General Eric Schneiderman has about seven times more in his election coffers than Republican nominee John Cahill, but the challenger’s campaign said his fundraising efforts are right on target.
Campaign finance reports submitted to the state Board of Elections show Schneiderman, a first-term incumbent, raised $2.68 million in the past six months and spent $1.75 million. That still leaves him with $7.9 million, most of which was raised before this year, to spend on the campaign.
Schneiderman campaign spokesman Peter Ajemian said the campaign filing illustrates the incumbent’s “broad coalition” of support and indicates that “New Yorkers recognize Eric is taking on big fights and they want him to be their advocate for another four years.”
Schneiderman’s major contributions include $50,000 each from three limited liability corporations, DOLP 1155 Properties, DOLP 733 Properties and DOLP 1133 Properties. His mother, Roberta Schneiderman, has contributed $70,000 (See Report).
Cahill, who became a formal candidate when he secured his party’s nomination in May, raised $1.07 million and had expenses of $110,000, leaving a balance of $968,689 (See Report).
“In just six weeks, we have met our goal with a robust fundraising effort,” said David Catalfamo, a spokesman for the Cahill campaign.
Cahill has received several donations of about $41,000 from various individuals, including Kenneth Langone, co-founder of Home Depot, and his wife, Elaine; and billionaire hedge fund manager John Paulson.