Sacco bests Wainstein in campaign funding

War chests nearly equal on final stretch

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Incumbent Mayor Nicholas Sacco's campaign was funded largely by the local democratic committee.
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Wainstein mostly self-financed his campaign, according to reports.
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Incumbent Mayor Nicholas Sacco's campaign was funded largely by the local democratic committee.
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Wainstein mostly self-financed his campaign, according to reports.

With North Bergen’s May 14 municipal election just days away, reports filed with the New Jersey Election Law Enforcement Commission (ELEC) reveal that incumbent Mayor Nicholas Sacco raised nearly $80,000 more than his rival, Larry Wainstein, over the course of the race. Each has put forward a five-person slate.

Since the last ELEC report on April 11, Sacco had raised more than $250,000.

Both the incumbent and challenger received a handful of large campaign contributions. The overwhelming bulk of Sacco’s campaign contributions came from the North Bergen Democratic Municipal Committee (NBDMC), which holds fundraising galas in town. It contributed a total of $250,00 to his campaign. It paid his campaign $100,000 on Feb. 8, and another $150,000 on March 19. Sacco also received an in-kind contribution from the NBDMC amounting to $890.64, which went toward research and polling.

The campaign has spent more than $220,000 so far, including more than $180,000 on research, polling, and marketing services.

Following the filing of his ELEC reports in April, Sacco had $36,452 left in his war chest.

Wainstein’s wallet

Most of Wainsteins’ campaign funds were loans he made to himself through corporations he owns, United Laundromat and Mella Investment Corp. Those two corporations loaned Wainstein $173,107.76.

Two individual contributors, one from Jersey City and one from Boca Raton, Florida, contributed $1,700 combined toward Wainstein’s slate.

Wainsteins’s total contributions equaled $191,981.18 to date.

Wainstein spent well over $100,000 on various forms of campaign advertisements, canvassing services, and political mailers.

He had $36,311.79 left in his war chest when he filed his ELEC report on April 16, just about $100 less than his opponent.

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