Jeff Greene launches new political committee
Palm Beach billionaire Jeff Greene has pumped $22.45 million of his own cash into his gubernatorial campaign account, but recent filings with the Florida Division of Elections show he may start piling cash into a political committee.
On July 31, Greene filed a “statement of solicitation” to use money raised by the Florida Defense Fund — currently nothing — to back his bid to be Governor.
News of Greene’s political committee was first reported by Matt Dixon of POLITICO Florida.
Every other candidate running for Governor has an affiliated political committee, and for most, it’s the source of most of their capital. Political committees don’t impose contribution limits on donors like official campaign accounts, which in the case of statewide races limit donors to a maximum aggregate contribution of $3,000 for each election.
Thus far, all the cash Greene has put into his campaign has gone to his campaign account, and for good reason. Starting July 14, 45 days out from the primary election, all statewide candidates were eligible for “lowest unit rate” pricing on TV and radio advertising.
The catch? The money had to come from a campaign account, not a political committee. That’s not