Saturday, August 11, 2007

Maryland GOP is almost broke

The Baltimore Sun reports:
The Maryland Republican Party, reeling from the loss of the governor's mansion, is nearly broke, according to a copy of its financial statement obtained by The Sun.

The state GOP treasurer's report from July 31 shows the party had $4,615 in cash and $50,500 in debt. Because of lackluster fundraising, the party operated at a $103,536 deficit in the first six months of the year.

A report from the party's accountants shows that funding from major donors has dried up, and that the party's major annual fundraising event, the Red, White and Blue Dinner, netted $15,572, less than 10 percent of the amount the party had been counting on.
The Maryland GOP can't increase spending enough to make all those government workers happy.