All three candidates for Congress in the 13th CD (SI/Bklyn) have completed their campaign contributions filings with the Federal Elections Commission as of this last quarter (April-June), as required by law.
The 13th Congressional District includes all of Staten Island and parts of Brooklyn.
Michael McMahon (D) is the incumbent.
Michael Grimm (R) and Michael Allegretti (R) will soon face off in a primary.
Here’s a look at who is funding our democracy, at least in this corner of the nation.
The following is the result of analysis available at Open Secret.org.
They are an indispensable source.
Nice to Be the Incumbent
The incumbent is the big winner in the 13th CD.
Finance and unions are big contributors.
Lawyers kick in their share.
Michael McMahon, the incumbent Democrat, has raised $1,923,517. He has spent $836,256. He has $1,295,973 cash on hand.
Michael Grimm has raised $727,818. He has spent $124,461. He has $603,357 left.
Michael Allegretti has raised $506,939. He has spent $289,960. He has $216,977 remaining.
Campaign Costs Rising
In his last election cycle, when he won with 61% of the vote, Rep. McMahon raised $1,481,524, about $500,000 less than he has already raised.
Vito Fossella (R) raised $1,488,053 in 2008 when he won with 57% of the vote.
Michael Grimm (R) with Rudy Giuliani
Most members of Congress get the bulk of their campaign contributions from two main sources: the industries that make up the economic base of their home district and the Washington-based interest groups that pay more attention to the member’s committee assignments in Congress, according to Open Secrets.
In addition, most Democrats receive substantial sums from labor unions.
Open Secrets classifies contributions by industry and sector, in addition to geographically.
Rep. McMahon received most of his money from the securities and investment industry ($110,800), followed closely by lawyers and law firms ($106,349), then leadership PACs ($83,500).
He received a combined $170,800 from transportation, public sector, and building trades unions.
He received $39,200 from commercial banks and $35,000 from air transportations interests.
He received a combined $49,500 from health professionals and health services (HMOs).
He received $44,250 from the insurance sector, $24,150 from construction services, and $53,120 from the real estate industries.
The sources of Rep. McMahon’s contributions so far in 2010 closely resemble those in 2008, except for one noticeable difference — in 2008, Rep. McMahon received only $28,844 from the securities & investment sector.
He has received significantly more this time around: $110,800.
When he ran successfully in 2006, Vito Fossella received $137,500 from the securities and investment industry.
Michael Allegretti (R)
Open Secrets also categorizes contributions by sectors.
Rep. McMahon, a Democrat, received a great deal of money from labor ($220,835).
By way of comparison, Vito Fossella, a Republican, received only $38,620 from labor in 2006.
In 2006, Fossella received $455,440 from finance, insurance, and real estate industries.
Rep. McMahon, so far, has received $138,713 from those same interests.
Rep. McMahon’s two opponents have received far less from the finance, insurance, and real estate industries than he did, but all three candidates rely on this source.
By ZIP Code
Most of Rep. McMahon individual donations originated from Staten Island ZIP codes.
Many of his opponents’ individual donations did not.
A look at cash-on-hand, as of June 30, 2010, is revealing.
As stated, it’s nice to be the incumbent.
Somebody else could use a quick $250,000.
Rep. McMahon’s 5 biggest contributors:
Goldman Sachs $51,050
Jobs, Opportunities & Education PAC $12,500
Calcagno Construction $12,000
Laborers Union $11,000
Bank of America $10,250
Michael Grimm’s 5 biggest:
Sun Coast Resources $16,650
Goldberg & Rimberg $9,800
G&G Construction & Development $9,600
Greenscape Ventures $9,600
Satcom Corp $9,600
Michael Allegretti’s 5 biggest:
Bayside Fuel Oil Depot $33,900
A&J Produce $9,600
Jls Industries $6,800
Asm Mechanical Systems $5,300
Adelphi Academy $5,250
Open Secrets website < Click here >
John Signoriello can be contacted by email at [email protected]