The Candidate's Coffers: Murphy’s in the Money, Guadagno’s Struggling

Democrat Phil Murphy has raised three times the funds toward next month’s gubernatorial election as his Republican opponent Lt. Gov. Kim Guadagno and has nearly six times more money in the bank, according to their most recent campaign finance reports.

Released on Thursday, the reports cover the period following the primary through October 6 and were filed with the New Jersey Election Law Enforcement Commission. They show Murphy, a former U.S. ambassador to Germany and Wall Street executive, has raised $10.3 million and spent $4.8 million on the general election, leaving him with $5.4 million on hand. Murphy has already spent more than Guadagno has raised: She has received slightly less than $3 million in total and has spent more than $2 million of that, leaving her with $966,000 in the bank.

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