Codey – if he runs – would have $45M fundraising goal

State Sen. Dick Codey, who is mulling a bid for governor, said today his fundraising goal – should he run – would be $45 million.

Codey said he would likely take the state’s matching funds, which would give him a war chest of just under $13 million.

In addition, the senator from Essex County hopes to secure another $30 million to $35 million in outside money. To that end, Codey is spending his week reaching out to national organized labor unions in hopes of gaining support.

Codey has reportedly spoken to or has calls scheduled with the national leaders of AFSCME, the National Education Association and the AFL-CIO.

Asked to comment on his fundraising and today’s announcement by the governor that he will forgo matching funds for the primary, Codey joked, “My goal just jumped $10 million.”

Codey has reportedly gotten a commitment of at least $2 million from the Democratic Governors Association, but a source close to Codey said the senator would hope that amount is actually much higher.

Republican sources say Gov. Chris Christie is unlikely to accept the state’s matching funds in the general election and could raise as much as $25 million to $30 million on his own.

Christie also is expected to receive millions more in outside funds from groups such as the Republican Governors Association, as well as many of the outside groups that helped fund Republican candidate Mitt Romney’s presidential bid.

"Let’s be clear, this was not a ‘humanitarian’ act by the Castro regime. It was a swap of convicted spies for an innocent American."
—U.S. Senator Bob Menendez (D-NJ)