In a state where just one House seat changed hands, New Jersey’s twenty-two congressional candidates spent approximately $57.3 million between them, with Representative Josh Gottheimer (D-Wyckoff) winning by double digits and still having more than $13.7 million in his campaign coffers.
Despite raising $8,978,756 and spending $9,993,912, Representative Tom Malinowski (D-Ringoes) fell to Republican Tom Kean in New Jersey’s 7th Congressional District. During his time as minority leader in the State Senate, Kean raised $4,383,743 and spent $4,337,880.
These figures, however, don’t reveal all. Kean received almost $4.6 million in support from two Republican committees (the Congressional Leader Fund and the National Republican Congressional Committee), while Malinowski received about $1.4 million from the Democratic Congressional Campaign Committee and the House Majority PAC.
Gottheimer, the Human Fundraising Machine, spent only $2,812,212 on his campaign while raking in $8,166,128 in donations. He currently has a total of $13,703,015.
In addition to his own campaign, Gottheimer raised nearly $5 million supporting Democratic candidates, so those figures are comprehensive as well.
Frank Pallotta, a former investment banker, and Republican opponent raised and spent a combined $915,578. Pallotta turned out to be a poor fund-raiser who couldn’t even get his biggest backer (himself) to part with further money.
When compared to the $1.4 million he invested into his 2020 campaign to replace Gottheimer, he only spent $230,000 of his own money this year.
Rep. Andy Kim (D-Moorestown) defeated incumbent Republican Bob Healey in the 3rd Congressional District by a margin of 11 points, after having amassed a total of $7,445,077 in campaign contributions and expenditures.
Healey spent $4,586,050 on expenses after collecting $4,646,501 ($2.76M of which came from personal funds).
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In addition, Healey’s mother gave $2 million, and a super PAC called Garden State Advance contributed roughly $2.3 million.
Kim has now faced a self-funder three times.
Rep. Mikie Sherrill (D-Montclair) spent $8,666,726 on her re-election campaign while bringing in $6,302,937 in contributions. Her 19-point victory margin was the largest in the 11th district.
Paul DeGroot, a former assistant prosecutor in Passaic County and a Republican opponent, has amassed $710,058 and spent $679,374 thus far in the race. He risked his personal $456,521 to compete.
The 9th district race between Democratic incumbent Bill Pascrell of Paterson and Republican challenger Billy Prempeh was far closer than anyone had predicted.
Pascrell spent a total of $1,544,431, compared to the $1,576.186 he brought in. After spending $271,289, Prempeh had a fundraising total of $292,879.
To make up for the crimson wave of 2022 that never materialized, Sherrill and Kim will need to restock their war chests.
As of the 28th of November, Sherrill had $767,932 in her checking account, all of which she had saved for the year 2020. Kim’s bank balance after the election was $233,818.
Already in 2024, Kean will be one of the top Democratic targets as the new representative for New Jersey’s 7th congressional district.
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At the end of last month, he had $137,102 in his bank account.