Wealthy money manager Bruce Rauner reported more than $700,000 in big donations for his Republican governor bid as fundraising for the second quarter of the year came to a close, state campaign finance records showed Monday.
Rauner, who formally announced his candidacy last month, deposited $736,500 in donations of $1,000 or more from April 1 to June 30, according to reports filed with the State Board of Elections. He entered the second quarter with more than $1.2 million.
On the Democratic side, former White House chief of staff Bill Daley reported depositing $387,600 in big donations, including $100,000 of his own money. Gov. Pat Quinn reported depositing $13,600 in large donations during the three-month period and had $1.5 million as of April 1.
Those totals are not all inclusive. Candidates may have received more money, but under a quirk in campaign finace law, they don’t have to disclose the donations until they deposit them. State law now requires campaign committees to report donations of $1,000 or more within five days of receipt. But the law also defines receiving a contribution as the date a campaign deposited it in a bank or financial institution. The practice allows campaigns to make it more difficult for the opposition to get a real-time handle on the state of a candidate’s fundraising.
That might explain the difference between what Daley has reported raising to the state and the $800,000 figure his campaign boasted of collecting in a late Sunday night message on Twitter.
On Monday, Daley proposed a ban on fundraising for state officeholders, lawmakers and their challengers while the legislature is in session.
Daley, a former U.S. Commerce secretary in the Clinton administration, said a current law barring lawmakers from holding fundraisers in Springfield on the days that the legislature meets “is a joke” since many legislators hold campaign events the night before the General Assembly convenes.
Daley said state elected officials and their challengers should not solicit, accept or receive contributions during the entire regular legislative session, which typically runs from January through May, as well as during veto and special sessions. He would make an exception for a 120-day period prior to primary and general elections.
“Money’s come to a point in Illinois that it’s a major reason in my opinion why we can’t get anything done,” Daley said. “I’ve been around politics for a very long time. I’ve seen the good, the bad and the ugly of politics as so many people in this state have seen for way too long.”
Among other potential Democratic governor candidates, Attorney General Lisa Madigan reported depositing nearly $73,000 in donations the last three months. She began the quarter with nearly $4.4 million in her campaign bank account.
On the Republican side, state Treasurer Dan Rutherford, who announced for the GOP governor nomination last month, reported depositing $261,224 for the three-month period. Rutherford, a former state lawmaker, had begun the last quarter with nearly $740,000.
State Sen. Kirk Dillard of Hinsdale, who narrowly lost the 2010 GOP nomination and is expected to formally enter the race for governor this month, reported depositing $240,356 in donations of $1,000 or more. Dillard had $33,822 to begin the second quarter in his Senate campaign fund but still listed a debt in his fund for governor.
State Sen. Bill Brady of Bloomington, the GOP’s unsuccessful 2010 nominee against Quinn, reported depositing $28,500 in large donations during the period. Brady, who formally announced his bid for governor last week, had nearly $245,000 in his campaign funds at the beginning of April, records showed.
Complete second quarter fundraising reports are due July 15.