The boutique Super PAC formed solely to support Republican Congressional candidate Randy Altschuler has now committed more than $1.1 million to its cause, according to Federal Election Commission filings.
Prosperity First Inc., which is largely funded by East Setauket hedge fund manager Robert Mercer, formally entered seven figures in spending on the 1st Congressional District race with disclosures of several new direct mail and advertising purchases (totaling about $327,000) over the last three days.
Since the Super PAC registered with the FEC earlier this year, Mercer has given it $750,000, according to disclosure reports through September.
In all, independent expenditures in the district now total $3.5 million. About three quarters of that amount has been in support of Altschuler, a St. James businessman; while his opponent, five-term Rep. Tim Bishop (D-Southampton) has only benefited from about $800,000 in Super PAC spending.
Bishop’s own campaign committee, however, still had more cash on hand as of Sept. 30 ($909,003) than Altschuler’s committee, which reported $229,388.
While Super PACS have supported Altschuler in larger numbers, traditional political action committees – mostly organized labor – remain firmly behind Bishop. On Tuesday, the Bishop campaign noted that the Long Island Federation of Labor, AFL-CIO had launched a new pro-Bishop online video to distribute to its members. The Federation represents over 100,000 members in the 1st District.