Tag: Money and Politics

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Alberta Politics

PC Party financials reveal $1.5 million debt from 2015 election

Interim PC Party leader Ric McIver and 7 of his party's MLAs at their post-election leader's dinner.
PC Party Acting Leader Ric McIver and 7 of his party's MLAs at their post-2015 election leader's dinner.

Reports of the death of the Progressive Conservative Association of Alberta might only be slightly exaggerated. Financial disclosure reports submitted to Elections Alberta show the former governing party amassed a $1.5 million debt during the May 2015 election.

After reportedly nearly missing the deadline to submit its financial disclosures from the recent provincial election, the PCs posted the disclosure on its own website, which provides some detail into the overwhelming wealth of the former governing party during its failed attempt at re-election in May 2015. (The full report is now posted on the Elections Alberta website).

The disclosure report provides information about a $2,000,000 loan secured by the PC Party from the Canadian Western Bank with an outstanding balance of $1,544,866 as of July 5, 2015. Security on the loan includes a personal guarantee of $1,455,000 from a former director, who is unnamed in the document.

The report shows the PCs raised $2,802,500 in donations greater than $250 and $90,625 lower than $250 during the April 7 to July 15, 2015 campaign period. The PCs spent $4,303,969 and ran a deficit of $930,236 during the election campaign.

In response to its financial troubles, the party received significant financial transfers from some of its wealthier constituency associations, including $30,000 from Edmonton-Whitemud, $25,000 from Calgary-Elbow, $20,000 from each Calgary-Varsity and St. Albert, and $15,000 from Whitecourt-Ste. Anne.

Major donors listed on the PC Party’s financial disclosure include Richard Haskayne ($30,000), Ronald Joyce ($30,000), Ken King ($30,000), Calfrac Well Services Ltd ($30,000), MacLab Hotels & Resorts Ltd ($30,000), Matco Investments ($30,000), Christopher Potter ($30,000), Primrose Livestock Ltd ($30,000), Susan Rose Riddell ($30,000), Clayton Riddell ($30,000), Ronald P Mathison Private Banking Ltd ($30,000), Cathy Roozen ($30,000), Mike Rose ($30,000), Shane Homes Ltd ($30,000), Walton International Group Inc ($30,000), TIW Western ($25,000), CIBC ($23,750), Scotiabank ($23,750), BMO Nesbitt Burns Inc ($20,000), Matthew Brister ($20,000), Brian Michael Brix ($20,000), Grandview Cattle Feeders Ltd ($20,000), Kolf Farms Ltd ($20,000), Kelly Koss ($20,000), Mancal Corporation ($20,000), Kyle Ross ($20,000), Nancy Southern ($20,000), and Sunset Feeders Ltd ($20,000).

During its 44 years in government the PCs were able to depend on large corporate donors to help pay off campaign bills and debts, but the party has struggled after corporate donations to political parties were banned by the first law passed by the Alberta NDP Government in June 2015. Interim leader Ric McIver initially denounced the ban, but later stood with the entire nine member PC caucus in voting in favour of the bill.

The PCs will hold their annual general meeting in spring 2016 and have launched a 500-Day Plan to prepare the party for the 2019 provincial election. The PCs are expected to choose a permanent leader in early 2016.

New Unite the Right By Moving Further to the Right Group

According to a report from the Calgary Herald, a new group calling themselves “ The Alberta Prosperity Fund” has launched the latest bid to unite the two main conservative parties in Alberta. The private group is reported to have looked far to the political right for inspiration by inviting American anti-tax crusader Grover Norquist as guest speaker to a closed-door session in Calgary this week. Mr. Norquist is known for his role in pushing the Republican Party further to the political right, contributing to the deep political division in America.

The group is headed by Barry McNamar, a former vice-president of the right-wing Fraser Institute and director of the Calgary School of Public Policy. It is unclear who is providing financial support for the Fund.

Responding to the group’s formation, Wildrose Party leader Brian Jean told the Herald that “[w]e have had our lawyer send them a letter requesting that they stop telling people they have our endorsement or support.“

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Alberta Politics

Tracking Alberta political party fundraising from 2004 to 2014

Following last week’s release of Alberta’s political party financial disclosure reports for 2014, I thought it would be interesting to look at the history of political donations in our province over the past ten years. Annual and quarterly financial disclosure reports are available for public consumption in difficult to search pdf files on the Elections Alberta website.

[See the charts below for the ten year fundraising trend for Alberta’s four main political parties]

Alberta’s two main conservative parties – the Progressive Conservatives and Wildrose Party – remained the dominant forces in political fundraising in 2014. The PC Party’s impressive $3.2 million sets a record for the party, while the Wildrose Party’s $2.1 million is only slightly less than the party fundraised in the year before the 2012 election.

The New Democrats collected an impressive $776,674 in donations in 2014, a record high for that party. The Liberals raised $361,112, slightly less than their 2013 fundraising totals, and the Alberta Party raised $108,837 in donations, a record for that party.

The PC Party continued to rely heavily traditional corporate donors and individual donations in amounts larger than $250, while the Wildrose Party and NDP continued to collect significant amounts of funds in amounts smaller than $250 (nearly half of the Wildrose donations were in amounts smaller than $250).

Here is a look at the ten year fundraising trend for Alberta’s four main political parties:

Alberta PC Party Donations 2004-2014 Wildrose Donations 2004-2014 Alberta NDP Donations 2004-2014 Alberta Liberal Donations 2004-2014(Note: These charts take into account fundraising by the central parties, not constituency associations. Information about constituency association financial returns is available separately in individual pdf documents on the Elections Alberta website).

 

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Alberta Politics

Fundraising numbers expose PC, Wildrose strengths and weaknesses

Alberta Fundraising 2013 2014
The total combined first and second quarter financial disclosures from Alberta’s political parties from 2013 and 2014.

The latest quarterly fundraising disclosures from Alberta’s provincial political parties were released by Elections Alberta this week, and Alberta’s two conservative parties remain the dominant forces in political fundraising. Continuing a trend that has become the norm in Alberta politics, the Wildrose Party has once again raised more money than the long-governing Progressive Conservatives.

Wildrose Party raised $1,572,159.26 in the first two quarters of 2014, slightly down from their  $1,625,290.94 raised during the same period in 2013. The PCs, despite their recent internal turmoil, are claiming $1,406,924.81 raised by the party in the first half of 2014, up from the $1,237,607.50 raised in the same period in 2013.

As the Edmonton Journal’s Graham Thomson wrote in his column yesterday, “[t]he issue here is not that the PCs are bad at raising money, it’s that the Wildrose party is proving particularly good at raising money.”

Not included in these numbers are funds raised at the constituency level, where the Tories raised more than the Wildrose. This should not be a surprise, as the PC Party has 59 MLAs who form the government. That the Wildrose Party has only 17 MLAs and has continues to be successful at party level fundraising remains troubling for the long-governing PCs.

While the Tories continue to show heavy reliance on large corporate donations to fill their coffers, a significant percentage of Wildrose funds come from individual donations in amounts less than $250.00.

The Tories continue to show signs of weakness in constituencies represented by Wildrose MLAs. The Medicine Hat PC Association has not raised any funds since 2012 and the Innisfail-Sylvan Lake Tories claimed $300.00 in the second quarter of 2014, its first revenue since 2012.

Meanwhile, the Wildrose Party appears to be dormant in two important northern constituencies – Fort McMurray-Conklin and Fort McMurray-Wood Buffalo. According to financial disclosures, the two Wildrose constituency associations have not raised any funds since 2012, when PC-turned-Wildrose MLA Guy Boutilier was unseated by Tory Mike Allen in Fort McMurray-Wood Buffalo.

Looking at the other parties, the NDP showed positive growth as their fundraising numbers increased by more than $26,000 from last year to $273,214.50 in the first half of 2014. The Liberals continue to be stuck in fourth place in the fundraising department, only raising $181,385.56 in the first half of 2014.

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