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 Maryland GOP can't increase spending enough to make all those government workers happy.
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.
Saturday, August 11, 2007
Maryland GOP is almost broke
The Baltimore Sun reports: