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January 12, 2013

Three out of four $$ this election cycle went to no-limits committee accounts

Florida’s sputtering economy did not stop interest groups and donors from spending $306 million this election cycle on state political campaigns, according to final election year tallies released Friday.

The number is lower than the $550 million reported in the 2010 election cycle and does not include the massive amount of federal cash spent in the presidential race. But it points to a new trend: more dollars are going to campaign committees rather than individual candidates.

Three out of every four dollars were unlimited checks to political committees, while the rest went into the campaign accounts of individuals, which are capped at $500 a check.

The shift is a sign that Florida’s $500 limit is outdated and dysfunctional — and ripe for reform, said Dan Krassner, executive director of Integrity Florida, which did the analysis of the campaign finance data released by the Florida Division of Elections.

“Candidate accounts have become nearly irrelevant,’’ said Krassner. The current system allows corporations to write unlimited checks to political committees with loose affiliations to candidates but require them to give no more than $1000 to individual candidates for both the primary and general election. The result is, he said, “the public cannot easy follow the money.’’

House Speaker Will Weatherford, R-Wesley Chapel, who has called for an overhaul of the state’s campaign finance reforms said Friday the numbers prove his point that the political committees – known as Committees of Continuous Existence, or CCEs – have gotten out of hand. Story here.

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