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25 May 2015

The Georgia Democratic Party is Back on the Brink of Bankruptcy

For the second time in two years, the Democratic Party of Georgia is teetering towards bankruptcy.

According to campaign finance reports filed with the Federal Elections Commission, the state Democratic Party owes as much money as it has in the bank.

For the period beginning 1 April 2015 and ending 30 April 2015, Georgia Democrats said they raised $58,257.08; spent $112,730.25; leaving the Party with $64,244.29 cash on hand; and debt obligations totaling $62,153.57.

Two years ago, Georgia Democrats were down to their last $20,000, before Party chairman Mike Berlon was forced to resign following outrage from prominent Democrats over his leadership.

The Democratic Party of Georgia recently moved to new offices in the IBEW building on Pulliam Street near Turner Field. The IBEW building also houses the Georgia state AFL-CIO; an organization that has contributed large sums of money to Georgia Democrats in the past.