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Kay Hagan campaign announces $2 million haul with $4.2 million in bank

U.S. Sen. Kay Hagan's campaign announced Thursday that it raised more than $2 million since April 1, ending June with $4.2 million in the bank.

The Democrat's war chest gives her a significant advantage in her 2014 re-election bid against Republican challengers who are just now beginning to raise money. The campaign announced the numbers Thursday but disclosure reports won't be available for another week.

The most prominent GOP contender is House Speaker Thom Tillis. He announced his campaign at the end of May and raised $300,000 in a month, leaving $250,000 on hand.

Hagan's average monthly haul more than doubled Tillis, a statistic reflecting her status as an incumbent as much as her fundraising ability. Both candidates will need to raise an average near $700,000 a month now through November to hit the $12-14 million target for the race, which is one of the most competitive in the nation.

In a statement, Preston Elliott, Hagan's campaign manager, touted the 9,000 donors in the second quarter (April through June) with more than 80 percent coming from low-dollar donations. He didn't clarify what qualifies as a small donation.

"Kay's broad base of support highlights that North Carolinians value her tireless work on issues from supporting a North Carolina-first economic recovery to keeping student loans affordable to standing up for service members and veterans," Elliott said. "It is this grassroots excitement and strong record of results that will take Kay's campaign across the finish line with a victory in 2014."


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