Anne Arundel County businessman Larry Hogan entered the home stretch of the Maryland Republican gubernatorial primary in the strongest financial position, thanks in part to $500,000 in personal loans from the candidate, according to reports filed Tuesday.
Hogan reported having nearly $390,000 in the bank as of last week, far more than his three rivals in a GOP primary in which fundraising has severely lagged behind that of the Democrats. The Hogan campaign said it also expects to receive $275,000 in matching funds next week as part of its participation in the state’s public financing.
In the June 24 primary, Hogan faces Harford County Executive David R. Craig, Del. Ronald A. George (Anne Arundel) and Charles County businessman Charles Lollar.
Since launching his campaign in January — months after his rivals — Hogan has raised more than $1 million for his campaign, about half of it from himself. His latest report showed $400,000 in loans in May alone. He has reported spending more than $675,000.
Craig, meanwhile, reported Tuesday having $144,058 in the bank. It was not immediately clear how much of that Craig will be able to tap for his primary campaign.
Like Hogan, he has announced his intent to participate in the state’s public financing system, but so far, Craig has not raised enough money to qualify for matching funds.
Craig reported raising $146,718 since January while spending $157,236.
Del. Ronald A. George (Anne Arundel) missed the filing deadline Tuesday night due to what his campaign said were technical problems. His campaign said he has about $40,000 cash on hand and had raised $69,000 since the end of the legislative session in April.
Lollar is continuing to run his campaign on a shoestring budget, according to a report filed Tuesday that showed him with only about $18,000 in the bank as of last week.
Lollar reported having raised nearly $55,000 since early January and having spent more than $39,000 during the same period.
Lollar’s campaign got a burst of momentum last month when he finished atop a straw poll conducted at a convention of the Maryland Republican Party, but he has struggled to raise the kind of money necessary to run television ads.