RNC Touts Grassroots Cash: Raised $8.7M, Spent $7.9M In October

RNC Chair Michael Steele
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The Republican National Committee announced this morning they raised $8.79 million in October, an off-election year record.

The haul comes after the party captured two governorships and as they are attempting to make gains in 2010.

The RNC said they had $11.2 million cash on hand and no debt. Last month they reported $18.9 million cash on hand, so doing the math, they spent $7.9 million in October.

The party says they “averaged 2,543 new donors per day in October and had an average contribution of $32,” with more than 1 million active donors by the end of the month.

“As of November 11th, the RNC has already broken its own record of new donors in an off year, with 305,000 new donors so far in 2009,” the party said in a release.

Chairman Mike Steele:

“I am extremely pleased that the Republican National Committee continues to show solid fundraising numbers, and we are grateful to the countless Americans who have contributed to our Party. The elections in Virginia and New Jersey clearly showed the American people oppose bigger government, reckless federal spending, and higher taxes, and this enthusiasm for common-sense Republican principles is strongly resonating with our generous and motivated donors. Thanks to our many contributors, the RNC is on solid financial footing as we continue build an organization to support our candidates and state parties in the election of 2010 and beyond.”

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