Murphy says he raised $250K, has $40K in the bank
Maryland Republican gubernatorial candidate Brian Murphy got some major attention this month when he was endorsed by Sarah Palin. But when it comes to fundraising, Murphy remains in the minor leagues.
The Montgomery County business investor said he will report on Tuesday having raised about $250,000 for his long-shot campaign since late April -- about $107,000 of that from himself. As of Aug. 10, the close of the reporting period, Murphy said his campaign had about $40,000 in the bank.
By way of comparison, former governor Robert L. Ehrlich Jr. (R) has close to $2.1 million in the bank and Gov. Martin O'Malley (D) has $6.7 million, according to their campaigns.
"Obviously, I'm being out-raised more than 10-to-1 by my opponents, but I'm exactly where I wanted to be," Murphy, a first-time candidate, said in an interview. "No one should be surprised. They have 20-year head starts."
Murphy said his fundraising has kept pace with "a business plan" for the race that calls for raising $3 to $4 for each of the roughly 160,000 Republican votes he says he will need to beat Ehrlich in the Sept. 14 primary. The balance of that, Murphy said, he can raise in the next month.
And once he wins the GOP primary, Murphy said, "the floodgates will open" on donations.
Murphy said the Palin endorsement has produced a significant uptick in contributions both nationally and from within Maryland --but that most of those will not show up in the reporting period that ended Aug. 10.