North Carolina Republican U.S. Senate candidates Pat McCrory and Ted Budd remained neck-and-neck with their campaigns' own fundraising entering the final full month before the May 17 primary.
Campaign finance reports for the first quarter show McCrory, the former governor, and current U.S. House member Budd collecting essentially the same level of contributions and other funds.
But Budd is separately benefiting from a political action committee that has already spent several million dollars on ads and mailers praising him and attacking McCrory. A pro-McCrory super PAC is trailing. Budd also has received former President Donald Trump’s endorsement.
Looking at candidate fundraising, however, McCrory had a slight advantage over Budd, according to reports that were due Friday with the Federal Election Commission. His campaign said it raised $1.13 million through March 31, compared to $1.125 million raised by Budd. McCrory also reported having more cash in his campaign coffers entering April — $2.2 million compared to $1.9 million for Budd.
Since early 2021 — before either candidate had entered the race — Budd has raised slightly more overall, FEC reports show. Budd has raised $4.24 million compared to $4.16 million for McCrory. Budd's overall total contains $275,000 that he loaned his campaign.
Club for Growth Action, whose affiliated organization has endorsed Budd, has said it plans to spend $14 million on the North Carolina primary. An FEC filing by the super PAC said it had already incurred $4.7 million in independent expenditures in the race through February. The super PAC and Budd's campaign are barred from coordinating activities.
Among other Republican Senate hopefuls, former Rep. Mark Walker's campaign totals remain well behind those of Budd and McCrory. He was also outraised in the first quarter by first-time political candidate Marjorie Eastman of Cary, FEC reports show.
Walker reported collecting $105,000 in the first quarter and had $509,000 in cash available. Eastman, a combat veteran, raised $372,000 — of which $160,000 were in a personal loan — and had $441,000 in cash on hand, according to reports.
The four candidates are among 14 seeking the GOP nomination. The top vote-getter must receive more than 30% of the vote to avoid a late July runoff with the second-place finisher.
Former state Supreme Court Chief Justice Cheri Beasley — the frontrunner for the Democratic nomination in an 11-candidate field — raised $3.66 million in the first quarter and had $5.1 million on hand entering April, according to her FEC report. Beasley’s campaign had announced those totals earlier in the month, showing she is the most prolific fundraiser in the field to date.
All of the candidates, including Libertarian Party nominee Shannon Bray, are seeking to succeed retiring GOP Sen. Richard Burr.
Budd has said Trump's endorsement — which was on full display during a rally by the former president in Johnston County on April 9 — has contributed to his recent surge in polls.
McCrory has accused Washington-based Club for Growth of essentially buying support for Budd. The head of the group's political arm that endorsed Budd calls him a “principled and proven conservative,” and said McCrory is too liberal. The ex-governor and other primary rivals have also criticized Budd for declining so far to participate in televised debates.
Carolina Senate Fund, a super PAC supporting McCrory and opposing Budd, reported last week that it had collected $478,500 in the first quarter and had $752,000 entering April. In a separate filing, the organization said it had spent $117,000 on campaign mailers.