Formica's fundraising trailing Courtney's by more than $1 million
Campaign finance filings released this week show U.S. Rep. Joe Courtney has raised about 16 times more in campaign contributions than his challenger in the upcoming election.
Courtney, a Democrat seeking his fourth term in the 2nd Congressional District, has raised $1.37 million since his re-election campaign launched.
Paul Formica, his Republican challenger, has raised $83,651 in overall contributions. Formica, in his third term as first selectman of East Lyme, announced in May that he would challenge Courtney in the Nov. 6 election.
The total contributions for both candidates are through Sept. 30 and were the most recent filings available. Candidates are required to file campaign finance reports quarterly with the Federal Election Commission. They will also be required to submit reports 12 days prior to the election.
Courtney raised $244,683 between July 1 and Sept. 30, the three-month stretch detailed in the report filed earlier this week. About 54 percent of those contributions came from individuals, with the remainder coming from various groups and political action committees.
In that same period, Formica raised $45,370. Eighty percent came from individual contributions; the other contributions came from various state Republican town committees and one PAC.
Courtney's campaign spent $518,538 in the three-month span. That included $373,275 that went to a private, Denver-based marketing and analysis group that purchased time for and set up a television advertisement.
Formica's campaign spent $42,731 in that three-month cycle. The expenditures included $3,500 on a fundraising consultant based in Vermont. Formica also personally loaned his campaign $2,500.
Courtney was first elected to represent the 2nd District in 2006. The district is the state's largest geographically.
A former state representative, Courtney challenged then-Rep. Rob Simmons in elections twice - first in 2002 and then in 2006 - and defeated him the second time around by a mere 83 votes. Courtney has won his re-election bids since with relative ease and defeated former TV anchor Janet Peckinpaugh in 2010 by 21 percentage points.
Formica in 1983 bought a former sea captain's house on Chesterfield Road in East Lyme and turned it into Flanders Fish Market, a business that he still owns today. He was elected the town's first selectman in 2007.
Both Courtney and Formica took part in a candidates' forum Thursday night at the Old Lyme Town Hall. They are scheduled to participate in three other debates.
The first will be held at 7:30 Monday night in the Betty Tipton Room at Eastern Connecticut State University. The Day will also host a debate at 7 p.m. on Oct. 29 in Palmer Auditorium at Connecticut College.
Finance filings as of Sept. 30
Total individual contributions, July 1-Sept. 30: $244,683
Total contributions to date: $1,376,099
Total expenditures, July 1-Sept. 30: $518,538
Total expenditures to date: $988,761
Total individual contributions, July 1-Sept. 30: $36,370
Total contributions to date: $83,651
Total expenditures, July 1-Sept. 30: $42,731
Total expenditures to date: $77,201
Source: Campaign finance filings
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