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ONLY ON 3: Election filings show Pantano Campaign has only $8,900 in cash

WILMINGTON, NC (WWAY) — The latest filing with the Federal Election Commission show Republican Congressional Candidate Ilario Pantano’s Campaign has only $8,912.24 cash on hand.

It spent more than $93,000 between October 1 and December 31, 2011 and nearly $275,000 since he filed for re-election. The report also says Pantano is in debt more than $51,000. He raised $65,000 the final quarter of the year.

Pantano’s primary challenger, State Senator David Rouzer, has more than $221,000 cash on hand, spent almost $54,000 the last three months of last year and is only in debt $6,400. He raised $83,000.

Here’s Pantano’s take which he sent in a news release today:

“FEC filings released today show that 2010 conservative GOP nominee Ilario Pantano has surged 10% in his best fundraising quarter of 2011. Pantano’s momentum is noteworthy as his opponent, lobbyist David Rouzer, has seen his support fall off 60% from the third quarter to the fourth quarter in 2011.”

This is what Rouzer released today:

“Congress does not need another deficit spender. Ilario Pantano’s FEC reports reveal he would fit right in with the deficit spenders in Congress. His latest campaign report showed he has only $8,912 cash on hand – with over $50,000 in debt – after spending more than $93,000 in the last quarter.

“It is interesting that Pantano continues to pay himself expenses before he pays his debts to the small businesses he owes. Just like in Congress, Pantano is sticking the little guy with the bill while taking care of himself.”

Rouzer is referring to documents in the SEC report that show Pantano loaned the campaign money a couple of times but also paid himself from campaign donations.

Click here to see who donated what to Pantano and how he spent the money:

Click here to see who donated what to Rouzer and how he spent the money:


More: continued here

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