Schneider has major fundraising advantage over Severino – Daily Herald | Region & Cash

Democratic US Rep. Brad Schneider has a significant campaign finance advantage over his Republican opponent, newly filed documents show.

Schneider, the four-year-old 10th District congressman from Highland Park, started the month with more than $2 million to spend on his campaign, according to filings with the Federal Elections Commission.

Joe Severino, a first-time candidate from Lake Forest who started a valet business, had $4,794 in his campaign fund.

Severino’s disclosure earlier this month was his first report to the FEC and it came two years after he announced his candidacy.

Congressional candidates must submit financial reports once they have raised or spent at least $5,000. The latest reports detailing fundraising and spending for June 9-30 were due July 15. They can be viewed at fec.gov.

Despite the disparity, Severino said he wasn’t worried and was just starting to ramp up his campaign. A self-proclaimed populist who grew up Democrat, Severino said he believes he can appeal to Hispanics and even Democrats in an “independent” district.

“It’s about banging on the sidewalk and shaking hands,” Severino said. “I think I have the advantage of going out there and delivering a new message. Could she be drowned out by a war chest? Absolutely. … So it’s my job to go out there and be smart about how we spend it. I have a pretty good marketing background and a great campaign team, and I don’t think it’s going to be one of those races where we have to raise $10 million and still lose. I think we can raise less money and still be very effective.


        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        

A Schneider spokesman declined to comment on the recent filings.

The Schneider campaign committee entered the second quarter FEC filing period with a savings of more than $3 million and subsequently raised $222,735.

Of those contributions, $118,444 came from individuals, while $95,600 came from political action committees representing special interests. Notable contributors were:

• Joshua Bekenstein, Co-Chairman of Bain Capital, and his wife Anita, CEO of Upstream USA, a Boston-based organization that promotes contraceptive use – $2,900 each.

• Anthony Rossi, Chairman of property management firm RMK Management – $5,800.

• Geoffrey Price, Oak Street Health Chief Innovation Officer – $5,000.

• Daniel Perlman, senior partner of Kirkland & Ellis – $4,000.

• Stephen Hartell, Vice President of Public Policy at Amazon – $2,000.

• Mark Kaufman, Founder of Athletico Physical Therapy – $1,500.

Schneider received donations from a variety of committees representing banks, pharmaceutical companies, and pro-Israel politics, among others, including:

• American Express – $5,000.

• The Real Estate Roundtable – $5,000.

• Maryland Association for Concerned Citizens, a pro-Israel group – $5,000.

The Schneider campaign spent more than $1.1 million during the period — and approximately $1.4 million throughout the quarter — on employee payroll, legal, printing, travel and other expenses. It ended June debt-free.

Schneider’s committee also donated $1,000 to the re-election campaigns of Democratic incumbents Sean Casten, a Downers Grove resident running for the 6th Circuit, and Bill Foster, a Naperville resident running for the 11th Circuit.

Severino’s fund started the last filing period down $93.50 but subsequently raised $12,675.

His largest single donation was $2,900 from Frank Giacobbe, owner of Duke’s Oil Service, a Bensenville-based oil and waste transportation company.

Severino received no money from political committees or the National Republican Congressional Committee.

“There’s a lot of money coming in from the base,” Severino said.

The committee spent $7,787 on printing, supplies, and gas. And it contributed $1,200 to Bobby Piton, who lost a seven-way GOP primary for the US Senate and was among the most vocal in the race to have Joe Biden elected. Severino’s committee ended June debt-free.

The redrawn 10th District includes portions of Cook, Lake and McHenry counties, beginning in Wilmette and up to the state line, then west to Hebron.

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