Minnesota GOP gets some good news for a change

Minnesota GOPOvershadowed at the state Republican Party’s central committee meeting last weekend was the report on the party’s finances.

Just before the straw poll of delegates that placed Jeff Johnson and Julianne Ortman as early frontrunners for party endorsement for governor and U.S. Senate, GOP treasurer Bron Scherer gave some good news for a change.

The literal bottom line of Scherer’s report shows that the party’s debt has shrunk from $1.9 million to $1.28 million. In a statement, Scherer attributed the development to “financial support of both our large and smaller donors as well as cooperation with many RPM vendors in terms of structuring our obligations.” Read: some donors have come back to the fold and vendors were more willing to cut a deal.

Ironically, Scherer credited the return of what is called the “contribution refund program” for an uptick in donations. Republican legislators have opposed the program and Republican Gov. Tim Pawlenty led the dismantling of the program four years ago.

Scherer expects the state party will have $300,000 in the bank by April of next year, with the possibility that the party will double that amount for use in the 2014 election season.

But the party will still have substantial obligations of the 2010 election cycle on the books. Scherer noted that much of the party’s debt is under a long-term payment plan, meaning getting the debt wiped out is years and several election cycles in the future.

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Comments (5)

  1. Submitted by Ray Schoch on 10/29/2013 - 10:47 am.

    I’m enjoying the irony

    …of the party that was, when I was growing up in the Paleolithic, the “Party of fiscal responsibility,” now several election cycles away from solvency.

  2. Submitted by Todd Hintz on 10/29/2013 - 01:27 pm.

    Election Cycles

    We saw how ineffectual the state GOP was this past election cycle. Just when they needed a big wad of cash to help get their guys elected, they imploded with two million in debt and no clear path on how to clean it up. Needless to say that didn’t help get their message across to the citizens.

    From the sounds of it they’ve put a lot of the debt on a credit card and are slowly paying it off. With luck they’ll have most of it retired by 2016, just in time for the all-important presidential election year. We’ll have to see how much of a war chest they have by then, but right now it’s not looking pretty.

  3. Submitted by Dan Kaufman on 10/29/2013 - 03:57 pm.

    Only with the GOP

    would a deficit of $1.28 million be a good thing. If this was a DFL deficit, we’d hear nothing from the right about how Democrats can’t balance a budget. After several years, the Republicans still can’t.

    What is not discussed is how much of this deficit reduction is due to “restructuring obligations”? I assume this means the GOP is stiffing clients they owe money to. Just like GOP legislators taking money from schools to pay debts.

    Glad we have fiscally responsible DFLers in charge of this state who don’t run up debts and don’t take money from the poor or schools.

  4. Submitted by Richard Steuland on 10/29/2013 - 09:06 pm.

    Couldn’t happen to,a more deserving bunch

    The party of extremists like Bachman shouldn’t preach about finances or morals because both seem to be in short supply. Today’s GOP has been hijacked by extremists and is not the once sensible and rational bunch it was once. It’s membership is full of knuckle dragging religious who don’t live in the real world.

  5. Submitted by Tom Christensen on 10/29/2013 - 11:09 pm.

    The party that thinks they can run the country.

    I suggest they figure out how to run their party first. The have already proven they can’t run the country. Take that back, they did run the country. Too bad they ran it into the ground. Even by their own words it is going several election cycles back to solvency.

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