The Nassau County Democratic Committee reported no money in its two main campaign accounts this week although party officials said an infusion of cash on Tuesday has boosted their coffers to more than $41,000.
In its January filings with the State Board of Elections, Nassau Democrats – fresh off a difficult campaign season in which they lost the county executive and comptroller races but won a race for district attorney – reported a closing balance of zero in its operating and housekeeping accounts.
But, Mike Santeramo, the committee’s executive director, said the party has extremely low overhead – they have only one paid staffer – and deliberately drains its accounts during the election season.
The party, he said, received contributions of $26,500 and $15,000 on Tuesday, which will be split between the two accounts.
“We raise enough money and then spend it,” said Democratic Party chairman Jay Jacobs. “This has been our philosophy.”
The committee must also pay Jacobs back $200,000 which he lent the party during last year’s county executive campaign.
The Nassau Republican Committee, meanwhile, reported a closing balance of nearly $730,000 on Tuesday in its campaign account. The GOP has a significantly larger paid campaign staff and higher overhead.
The Nassau Conservative Party reported more than $90,000 in its campaign account.