Saddled with millions of dollars of debt, the Republican Party of Minnesota has not paid rent on its St. Paul headquarters for several months, according to a document obtained by Politico.
In a memo to the party's Executive Committee members, Secretary-Treasurer Bron J. Scherer writes that:
" ... we continue to be in a precarious working capital position. Consequently, please note that we are not paying our office lease rent payment currently (but have been in discussions with our landlord) and have not yet negotiated long-term payment schedules and/or negotiated settlements relating to most of the vendors on the accounts payable aging (see accompanying financial statements and schedules for summary accounts payable aging reports as of February 29 and January 31, 2012)"
Politico obtained the confidential report and a spreadsheet that shows the party is $1,232,341.50 in debt. The party also owes money paid for the 2010 gubernatorial recount. Here's a look at the documents:
