Knowing the Financial Limits for Political Campaigns
Him this is Jim Goettler on behalf of Expert Village, and this is a video series about managing a political campaign. This segment, I'm just going to mention the need for accurate financial reporting with respect to the limits of campaign finance that you are going to be subjected to. All states and many municipalities have ceilings that you can only raise so much money in a certain period of time. The reason this has existed is so people don't come in and write huge checks and basically swamp the process. So they put into place financial limits on what you can raise for either your primary or your general election, and likewise how those reporting?s have to take place throughout the general. It's something that there's detailed record keeping. It's one of those things I'm mentioning now, as detailed as it is, you must keep track of it and stay on top of it. Because if you don't, it is going to be a weak point for your campaign, and it's going to cause you a lot of trouble down the road. In the next segment, I'm going to go into the need for or not need for an office for your campaign. We're going to get into the nitty-gritty of running a campaign. Thanks.