Sixteen candidates have already come and gone in the 2016 election, raising (and spending) millions of dollars along the way. But campaigns tend to come to an abrupt end — usually with some cash left over. In total, $13,921,325 remains in the campaign coffers of candidates who have dropped out, and $25,158,594 in their supportive super PACs. What happens to all this unspent money that’s still in the bank?
Several defunct campaigns are sitting on a lot of money. Carly Fiorina’s campaign committee, for example, has $1,767,911 remaining and no debt; the pro-Fiorina super PAC, CARLY For America, is sitting on $1,405,799. While Rand Paul’s campaign only has slightly more cash on hand than debt,$473,702 to $406,281, his two super PACs — Concerned American Voters and America’s Liberty PAC— have a combined $2,656,992, with no debt. Jeb Bush’s campaign has barely more cash on hand than debt, at $465,192 to $452,065, but the pro-Bush super PAC Right to Rise USA still has over $16 million in the bank — and much of that debt is to Bush himself.
Other ex-campaigns are in a less comfortable position. Scott Walker, who dropped out in September, still has $1,093,568 in campaign debt, and only $77,754 cash on hand. Rick Santorum, who dropped out after Iowa, has $547,609 in debt and only $10,346 cash on hand, making his debt 53 times more than his cash on hand.
|
Candidate
|
Date of drop-out
|
Campaign cash on hand
|
Campaign debt
|
Super PAC cash on hand
|
Super PAC debt
|
Last super PAC filing
|
Debt as percent of CoH
|
|---|---|---|---|---|---|---|---|
|
Rick Perry
|
9/11/2015
|
$2,403
|
$0
|
$0
|
$0
|
12/31/2015
|
0.00%
|
|
Scott Walker
|
9/21/2015
|
$77,754
|
$1,093,568
|
$1,396
|
$0
|
1/31/2016
|
1406.45%
|
|
Jim Webb
|
10/20/2015
|
$206,841
|
$0
|
N/A
|
N/A
|
N/A
|
0.00%
|
|
Bobby Jindal
|
11/17/2015
|
$0
|
$0
|
$8,055
|
$0
|
2/29/2016
|
0.00%
|
|
Lindsey… |




