Campaigns can be expensive, regardless of the outcome. Candidates may find that they go into debt as they head closer to election day. It is allowable to raise money to retire a campaign’s net debt after the election has completed.

Net debt is the total raised, total spent, Cash on Hand, and the unpaid bills for the specific election for which one wants to retire the debt. When raising money to retire campaign debt, it is important to keep a few things in mind:

If the contribution is undesignated and received after the election, the money must be attributed to the donor limits for the next election, not for the prior election debt.

Huckaby Davis Lisker, Inc. is well versed in political financial reporting and retiring campaign debt, to include the many guidelines that must be followed. Please reach out to learn more about our consulting services.

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