Home > DocuBase > Article

« All DocuBase Articles


Monday, 27th April 2009

Growth in PAC Financial Activity Slows

Growth in PAC Financial Activity Slows
Source: Federal Election Commission

Financial activity by political action committees continued its upward climb in 2007-2008, according to figures compiled by the Federal Election Commission, though at a slower rate than in recent election cycles. From Jan. 1, 2007, through Dec. 31, 2008, PACs raised $1.2 billion, up 10.5 percent over 2005-2006, and spent $1.18 billion, up 11.8 percent over the previous two-year cycle. Comparable growth rates ranged from 18% to more than 30% during 2004 and 2006. Cash on hand as of Dec. 31, 2008, for the 5,210 PACs totaled $308.6 million.

PAC contributions to federal candidates in 2007-2008 totaled $412.8 million, up 11 percent over 2005-2006. Most of the money--$385.9 millionówas given to candidates seeking election in 2008. The remaining $27 million went to candidates running for office in future years, or to debt retirement for candidates in past cycles.



Please note: DocuTicker's editors collect citations for full-text PDF reports freely available on the web but we do not archive these reports. When you click a link to find and/or download the report, you are leaving the DocuTicker site. DocuTicker makes no representations regarding the ongoing availability of any report or any external resource. Links were accurate as of the date of posting.

« All DocuBase Articles



Article Categories

All Article Categories »


All DocuBase Sources »

Source Categories

All Source Categories »


All Archives »