Cahill’s coffers now a little bit lighter
Ad blitz leaves ticket in 2d place in cash on hand
State Treasurer Timothy P. Cahill’s decision to spend at least $400,000 on an early summer advertising blitz to boost his lagging candidacy for governor has cost his independent ticket the lead in the money race.
For the first time in the campaign, the Republican tandem of Charles D. Baker and his hand-picked candidate for lieutenant governor, state Senator Richard R. Tisei, has slightly more cash in the bank than Cahill and his running mate, former state representative Paul Loscocco, a Globe analysis of updated reports has found.
By June 30, Baker and Tisei had $2.97 million in their separate accounts, compared with $2.95 million for Cahill, a former Democrat, and Loscocco, a former Republican.
Democratic incumbent Deval Patrick and Lieutenant Governor Timothy P. Murray trail with $2.37 million, but they are the only ticket to increase its cash-on-hand total each month since the start of 2010.
The party candidates are unopposed in their respective September primaries.
The tickets will also receive support from their respective parties, and by June 30, the state Democratic Party had $881,000 on hand, compared with the state Republican Party’s $279,621.
Cahill started the year with a huge advantage, a war chest of more than $3.2 million amassed during seven years as treasurer, nearly all of it collected while he was a Democrat.
But Baker and, lately, Patrick have been chipping into that lead in cash on hand as Cahill’s fund-raising has dropped off.
Simultaneously, Cahill fell to a distant third in a series of recent polls, driven in part by a fusillade of attack ads in the spring paid for by the Republican Governors Association.
Cahill finally responded to the advertising assault, dipping into his war chest on June 28 for $400,000 to buy air time to respond to the attacks and to take jabs at Baker and Patrick. Cahill and Loscocco have also paid Michigan-based Strategic National Consulting, headed by veterans of Senator John McCain’s 2008 presidential campaign, a total of $166,650 since March, records show. Of the total spent by the independent candidates, $131,650 came out of Cahill’s account, $35,000 from Loscocco’s campaign.
Baker has also aired an early flight of ads to raise his profile. His campaign spent $125,040 on June 17 for air time, his latest report to the Office of Campaign and Political Finance shows. As a result, the Republican tandem’s monthly cash-on-hand total declined for the first time in the campaign, from $3.06 million at the end of May to $2.97 million at the end of June.
Through June 30, Baker had $2.26 million in his campaign account, and Tisei had $711,928. Cahill had a little over $2.9 million and Loscocco had $37,188. Patrick had more than $1.1 million, and Murray had more than $1.2 million.
So far, Democrats have held back on buying expensive television and radio time.
At the start of the year, Cahill and Loscocco had a combined $3.35 million in the bank, Baker and Tisei had a total of $2.02 million, and Patrick and Murray had $1.76 million between them.
Patrick has been the most frugal of the gubernatorial candidates, spending $987,000, or about 68 percent of the $1.45 million he has raised in the past six months.
Baker has spent $2.1 million, or 77 percent of the $2.7 million he has raised since January.
Cahill has spent $998,000, or one and a half times the $668,000 he has raised this year.
Green-Rainbow Party candidates Jill Stein, who is running for governor, and Richard Purcell, a candidate for lieutenant governor, have raised only small amounts to date.
Stein had $11,673 in her account, and Purcell, who did not begin raising money until May, had $1,279, according to their reports.
Brian Mooney can be reached at email@example.com.