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Party spending tops $600K in race for congressional seat

Party spending tops $600K in race for congressional seat

The money is flowing in the race between James Tedisco and Scott Murphy for the special congressiona

The money is flowing in the race between James Tedisco and Scott Murphy for the special congressional election March 31.

National political parties have spent more than $600,000 on the campaigns so far, according to reports filed online with the Federal Election Commission and updated Thursday.

The National Republican Congressional Committee has spent $344,000 to date opposing Democrat Scott Murphy of Glens Falls and backing Republican James Tedisco of Glenville.

The Democratic Congressional Campaign Committee has spent $336,000 on ads for Murphy and against Tedisco.

Thursday was the deadline for both candidates to file reports on their fundraising and spending activities.

By late Thursday afternoon, each candidate’s own campaign committee had not filed reports, but fundraising committees for each candidate had reported numbers.

The Tedisco-NRCC Victory Fund set up by the National Republican Congressional Committee and based in Alexandria, Va., had raised $39,887 and spent $34,867 so far, most of it on mailings and fundraising.

The NY-20 Victory Fund based in Glens Falls to raise money for Murphy had raised $38,100 and spent only $1,495, on credit card processing fees.

Most of its funds — or $37,500 — came from the ActBlue political action committee, which accepts online donations for “progressive” candidates, according to its site.

Tedisco, the Assembly minority leader, and Murphy, a venture capitalist, are facing off to replace Kirsten Gillibrand, who in January was appointed to the U.S. Senate.

The 20th Congressional District covers all or part of 10 counties, including Saratoga and Rensselaer. Each candidate’s campaign has filed notice of contributions of at least $1,000, as required by law.

Although Murphy is a venture capitalist and got donations from members of his profession across the country, Tedisco got his share of contributions from financial fund managers as well, including Andrew Blum, managing director of CL King and Associates of New York, one of the first woman-owned securities firms in the U.S.; Greg Camp, managing director of Newfield Capital in New York; and Kevin Kennedy, an investment banker for Goldman Sachs.

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