Wed Feb 13, 2013, 10:37 PM
Newsjock (11,733 posts)
California GOP debt could be as high as $800,000
Source: Sacramento Bee
To rebuild the California Republican Party, Jim Brulte will first have to climb out from under a mountain of debt.
The former GOP Senate leader, who is expected to take helm of the embattled party next month, said Wednesday that the CRP is between $500,000 and $800,000 in the red, a figure he says could vary based on the potential for legal battles with former vendors.
"This is more like a bankruptcy workout," Brulte said of setting up party infrastructure as chairman. "First of all you have to pay off your debt, hopefully while you're doing programs simultaneously. We have to increase our income and reduce our expenses, that's just prudent."
Brulte's estimate, which he said was based on briefings he's received, suggests a much more dire financial situation than the one depicted by the party's latest campaign finance filings, which showed its primary committee inching back into the black after a difficult year. Anemic fundraising and cash issues forced the party to lay off staff months before the November election because of cash issues. It now employs just three full-time staff members, two of whom work out of their homes.
Read more: http://blogs.sacbee.com/capitolalertlatest/2013/02/brulte-california-gop-debt-could-be-as-high-as-800000.html
5 replies, 799 views
Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
California GOP debt could be as high as $800,000 (Original post)
Response to Newsjock (Original post)
Wed Feb 13, 2013, 10:42 PM
TxVietVet (1,523 posts)
1. The conservanazis in California can no longer win statewide races, it is said.
Demographics and their fascist rhetoric has done them in. Damn the luck.