The Briefing Room
State Chapters => Florida => Topic started by: libertybele on February 14, 2021, 01:00:25 am
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Florida Dems facing financial woes, more than $868G in debt, report shows
An end-of-the-year report filed with the Federal Election Commission (FEC) revealed that the federal arm of the Florida Democratic Party is more than $868,000 in debt following November's election season.
The reports of receipts and disbursement also showed that the Democratic Executive Committee of Florida had less than $61,000 in cash on hand at the time of filing on Sunday.
Florida Democrats are no strangers to financing issues.
In 2018, the Naples Daily News reported that the party would be questioned by the FEC over how it had failed to explain why a federal account used for federal campaigns ended up $159,333 in the red.
According to Florida Politics, the only time the federal entity had accumulated debts this high was last spring, when the party accepted $815,641 in Paycheck Protection Program loans. After facing criticism, the party returned the money to the federal government in July 2020..............
https://www.foxnews.com/politics/florida-democrats-finances-debt-elections (https://www.foxnews.com/politics/florida-democrats-finances-debt-elections)