Krinkie to report $300K cash on hand; $300K self-financing
October 9, 2013 — 5:21am
Republican Phil Krinkie, who is running for the Minnesota U.S. House seat Michele Bachmann will leave, said that he lent his campaign $300,000.
"I've never run a campaign in the red yet," said Krinkie, a former state representative who ran for Congress in 2006. "I don't intend to start doing deficit spending now."
He said he was committed to making sure that his campaign had the resources to compete and was prepared to make good on that pledge. Krinkie said he did not know how much of his own cash he would end up putting into his campaign.
According to a financial disclosure filed with the U.S. House, last year Krinkie made $100,000 as president of the Snelling Companies, a family-owned heating and cooling company of which he is president, $80,000 as president of the Taxpayers League of Minnesota and his wife made $152,000 as lobbyist for Minnesota Hospital Association lobbyist. He also reported assets in several rental properties and other concerns.
Krinkie announced his campaign in July. By that point, fellow Republican candidates Tom Emmer reported having $200,000 cash on hand; John Pederson reported $32,000 and Rhonda Sivarajah reported $16,000.
The 270-acre complex is proposed for the shore of Star Lake, home to sensitive wildlife breeding grounds, cabins in families for generations and a private hunting club used by some of Minnesota's oldest-money families.
Both the House GOP and Senate DFL, locked in tough election fights to defend their majorities, raised impressive sums of campaign cash, according to filings released Wednesday that cover the first five months of the year.
Former gubernatorial candidate and state Rep. Tom Emmer is the leading fundraiser in the race to replace retiring Republican U.S. Rep. Michele Bachmann. His opponents continue to rely largely on their own bank accounts.
Phil Krinkie says he will leave his post as president of the Minnesota Taxpayers League because of his newly announced run for Congress. But the Republican hasn't decided if he'll stay on as a Minnesota State Colleges and Universities system trustee.