The state party hasn't had to abandon its prime office space just off Church Circle in Annapolis -- which rents for about $5,000 a month -- but it has eliminated staff positions, canceled or consolidated events and reduced party-building activities. [P6: That's YOU, negro]
State GOP is almost broke
Treasurer's report shows $4,615 in cash and $50,500 in debt
By Andrew A. Green
Sun reporter
August 11, 2007
The Maryland Republican Party, reeling from the loss of the governor's mansion, is nearly broke, according to a copy of its financial statement obtained by The Sun.
The state GOP treasurer's report from July 31 shows the party had $4,615 in cash and $50,500 in debt. Because of lackluster fundraising, the party operated at a $103,536 deficit in the first six months of the year.
A report from the party's accountants shows that funding from major donors has dried up, and that the party's major annual fundraising event, the Red, White and Blue Dinner, netted $15,572, less than 10 percent of the amount the party had been counting on.
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