Three Republican candidates for governor – U.S. Rep. Pete Hoekstra, Oakland County Sheriff Mike Bouchard and state Sen. Tom George – have so far said they will use public financing money out of the Michigan State Campaign Fund in their race. The problem, as the Detroit Free Press reports, is that this fund is seriously depleted.
The State Campaign Fund has only $4.6 million to spread among a large field of would-be governors. Of that, $2.1 million is available for campaigning leading up to Democratic and Republican primaries on Aug. 3 — about a third of what was available in 2006, when it went unused.
Primary candidates likely will have to settle for much less than the maximum $990,000 they are allowed.
Why? In 2007, the Legislature took $7.2 million from the campaign fund to balance the state budget. Meanwhile, fewer taxpayers are donating $3 on their state income tax forms.
And given the slow economy, campaign contributions in general are also way down, meaning the 2010 campaign will probably be much cheaper — by necessity — than the combined $56 million spent by Gov. Jennifer Granholm and Republican challenger Dick DeVos in 2006. Neither Granholm nor DeVos accepted public financing during the campaign.