Kerry generates $112,000 in Interest & Dividends in 2nd Quarter. Has $8.8 Million Cash-on-hand

PolitickerMA.com reports that our not so illustrious Junior Senator raised $442,000 in the second quarter of 2008.  

U.S. Sen. John Kerry (D-Boston) increased his fundraising to $442,000 in the second financial quarter of 2008, but his expenditures neared $988,000, reducing his cash on hand to $8.8 million — down over a million dollars from the start of the year.

Scary statistic of the day.  Kerry brought in an additional $112,000 in interest and dividends in three months.

Overall, Kerry took in $564,000 from April 1 to June 30, with $232,000 in individual contributions, $212,000 from political action committees and $112,000 from interest and dividends. His committee refunded $2,300 contributions.

The interest alone amounts to 54% of the total amount raised by Jeff Beatty in the same quarter.

About Paul R. Ferro

Paul R. Ferro is Senior Editor at RedMassGroup.com. The 9th registered user of RedMassGroup.com, Paul has been with RMG from it's inception. He's also a former 4-term Marlborough City Councilor and currently serves as Chairman of the Marlborough Republican City Committee. You can follow him on twitter @PaulFerro